National Bankshares Has Lowered Expectations for Toromont Industries (TSE:TIH) Stock Price

Toromont Industries (TSE:TIH) had its target price cut by analysts at National Bankshares from C$135.00 to C$132.00 in a report released on Tuesday, BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 10.92% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Toromont Industries from C$137.00 to C$142.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. National Bank Financial cut Toromont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. BMO Capital Markets increased their target price on shares of Toromont Industries from C$136.00 to C$143.00 in a research report on Friday, October 18th. Scotiabank set a C$136.00 target price on shares of Toromont Industries and gave the stock a “sector perform” rating in a research note on Wednesday, August 21st. Finally, TD Securities upped their price target on shares of Toromont Industries from C$140.00 to C$150.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Toromont Industries has a consensus rating of “Hold” and an average target price of C$137.63.

Toromont Industries Stock Down 3.0 %

TIH stock traded down C$3.70 during trading on Tuesday, reaching C$119.00. 111,098 shares of the stock were exchanged, compared to its average volume of 104,665. The firm’s 50 day moving average is C$127.32 and its 200 day moving average is C$124.64. The firm has a market cap of C$9.75 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. The company has a current ratio of 2.64, a quick ratio of 1.38 and a debt-to-equity ratio of 24.08. Toromont Industries has a twelve month low of C$107.82 and a twelve month high of C$135.53.

Insider Buying and Selling at Toromont Industries

In other news, Senior Officer Jennifer Cochrane sold 1,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$123.00, for a total value of C$123,000.00. In related news, Senior Officer Jennifer Cochrane sold 1,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of C$123.00, for a total transaction of C$123,000.00. Also, Senior Officer Miles Sean Ryan Gregg sold 600 shares of Toromont Industries stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$125.19, for a total value of C$75,114.00. Insiders have sold 5,500 shares of company stock worth $677,864 over the last ninety days. Insiders own 0.27% of the company’s stock.

Toromont Industries Company Profile

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.