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.
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.
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