Raymond James Forecasts Strong Price Appreciation for Toromont Industries (TSE:TIH) Stock

Toromont Industries (TSE:TIH) had its price target boosted by equities researchers at Raymond James from C$122.00 to C$130.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ target price suggests a potential upside of 7.35% from the company’s previous close. Raymond James also issued estimates for Toromont Industries’ Q2 2025 earnings at $1.60 EPS, Q3 2025 earnings at $1.65 EPS, Q4 2025 earnings at $1.93 EPS, FY2025 earnings at $6.25 EPS and FY2026 earnings at $6.65 EPS.

Other research analysts have also issued reports about the stock. National Bankshares decreased their price objective on shares of Toromont Industries from C$135.00 to C$132.00 in a report on Tuesday, November 5th. Royal Bank of Canada decreased their price target on Toromont Industries from C$142.00 to C$138.00 in a research note on Wednesday, November 6th. Scotiabank cut their price objective on Toromont Industries from C$136.00 to C$132.00 in a research note on Wednesday, November 6th. BMO Capital Markets increased their target price on Toromont Industries from C$134.00 to C$138.00 in a report on Wednesday. Finally, National Bank Financial upgraded Toromont Industries from a “hold” rating to a “strong-buy” rating in a report on Sunday, December 15th. Three investment 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$136.28.

Toromont Industries Trading Down 1.5 %

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

Insider Buying and Selling

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