National Bankshares Increases Toromont Industries (TSE:TIH) Price Target to C$133.00

Toromont Industries (TSE:TIH) had its price target lifted by research analysts at National Bankshares from C$126.00 to C$133.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 9.83% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Scotiabank raised their price target on shares of Toromont Industries from C$132.00 to C$133.50 and gave the stock a “sector perform” rating in a report on Thursday. National Bank Financial upgraded Toromont Industries from a “hold” rating to a “strong-buy” rating in a research note on Sunday, December 15th. Canaccord Genuity Group raised their price objective on Toromont Industries from C$130.00 to C$134.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James raised their price target on shares of Toromont Industries from C$122.00 to C$130.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, BMO Capital Markets raised their price target on shares of Toromont Industries from C$134.00 to C$138.00 in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$136.28.

Toromont Industries Stock Performance

Shares of Toromont Industries stock opened at C$121.10 on Thursday. The company has a 50 day moving average price of C$115.54 and a 200 day moving average price of C$121.11. The firm has a market capitalization of C$9.88 billion, a P/E ratio of 19.67, a PEG ratio of 3.72 and a beta of 0.68. Toromont Industries has a 52 week low of C$109.83 and a 52 week high of C$135.53. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04.

Insider Buying and Selling at Toromont Industries

In other Toromont Industries news, Director Jeffrey Scott Chisholm purchased 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average price of C$111.45 per share, for a total transaction of C$501,525.00. 0.27% of the stock is owned by corporate insiders.

About Toromont Industries

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.