Toromont Industries Ltd (TIH) Set to Announce Earnings on Tuesday

Toromont Industries Ltd (TSE:TIH) will be releasing its earnings data after the market closes on Tuesday, November 7th. Analysts expect Toromont Industries to post earnings of C$0.63 per share for the quarter.

Toromont Industries Ltd (TSE:TIH) opened at C$57.20 on Friday. Toromont Industries Ltd has a 52-week low of C$39.01 and a 52-week high of C$58.44.

Several equities analysts have recently issued reports on TIH shares. TD Securities raised Toromont Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$48.00 to C$65.00 in a research report on Wednesday, September 20th. Canaccord Genuity lifted their price target on Toromont Industries from C$50.00 to C$58.00 and gave the stock a “buy” rating in a research report on Tuesday, August 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$58.00 price target on shares of Toromont Industries in a research report on Monday, October 16th. Raymond James Financial, Inc. lifted their price target on Toromont Industries from C$55.00 to C$58.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 29th. Finally, National Bank Financial lifted their price target on Toromont Industries from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Toromont Industries currently has an average rating of “Hold” and an average price target of C$55.94.

In other Toromont Industries news, Director Scott Medhurst sold 4,848 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of C$52.50, for a total value of C$254,520.00. Also, insider David Allan Malinauskas sold 1,600 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of C$53.50, for a total value of C$85,600.00. In the last three months, insiders sold 35,348 shares of company stock valued at $1,936,950.

TRADEMARK VIOLATION WARNING: This news story was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.com-unik.info/2017/11/05/toromont-industries-ltd-tih-set-to-announce-earnings-on-tuesday.html.

About Toromont Industries

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.

What are top analysts saying about Toromont Industries Ltd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Toromont Industries Ltd and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit