Toromont Industries Ltd (TIH) PT Raised to C$60.00 at National Bank Financial
Toromont Industries Ltd (TSE:TIH) had its price target upped by stock analysts at National Bank Financial from C$55.00 to C$60.00 in a research report issued on Tuesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 12.21% from the company’s current price. National Bank Financial also issued estimates for Toromont Industries’ Q4 2017 earnings at $0.62 EPS and FY2017 earnings at $2.07 EPS.
TIH has been the subject of several other reports. TD Securities raised their price objective on shares of Toromont Industries from C$47.00 to C$48.00 and gave the stock a “hold” rating in a report on Thursday, July 27th. Raymond James Financial, Inc. raised their price objective on shares of Toromont Industries from C$55.00 to C$58.50 and gave the stock an “outperform” rating in a report on Tuesday, August 29th. Scotiabank raised their price objective on shares of Toromont Industries from C$47.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 29th. Finally, Canaccord Genuity raised their price objective on shares of Toromont Industries from C$50.00 to C$58.00 and gave the stock a “buy” rating in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$53.21.
Shares of Toromont Industries (TSE TIH) opened at 53.47 on Tuesday. The stock has a market capitalization of $4.20 billion and a PE ratio of 26.37. The company has a 50-day moving average of $47.06 and a 200-day moving average of $46.74. Toromont Industries has a 12 month low of $37.59 and a 12 month high of $56.00.
Toromont Industries (TSE:TIH) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The company had revenue of $530.93 million for the quarter, compared to analyst estimates of $550.60 million. Toromont Industries had a return on equity of 17.80% and a net margin of 7.62%. On average, equities research analysts expect that Toromont Industries will post $2.11 EPS for the current fiscal year.
In other news, Director Randall Casson sold 8,000 shares of Toromont Industries stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of C$53.60, for a total value of C$428,800.00.
Toromont Industries Company Profile
Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.
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