Raymond James Raises Toromont Industries (TSE:TIH) Price Target to C$130.00

Toromont Industries (TSE:TIH) had its price target boosted by Raymond James from C$122.00 to C$130.00 in a report issued on Thursday morning,BayStreet.CA reports. Raymond James currently has a market perform rating on the stock. 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.

TIH has been the topic of a number of other research reports. National Bank Financial raised shares of Toromont Industries from a “hold” rating to a “strong-buy” rating in a research report on Sunday, December 15th. Scotiabank dropped their target price on shares of Toromont Industries from C$136.00 to C$132.00 in a research report on Wednesday, November 6th. CIBC boosted their target price on shares of Toromont Industries from C$129.00 to C$131.00 and gave the stock a “neutral” rating in a research report on Thursday. National Bankshares dropped their target price on shares of Toromont Industries from C$135.00 to C$132.00 in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada dropped their target price on shares of Toromont Industries from C$142.00 to C$138.00 in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$136.06.

Toromont Industries Trading Down 1.5 %

TSE:TIH opened at C$121.10 on Thursday. Toromont Industries has a 12 month low of C$109.83 and a 12 month high of C$135.53. The firm has a market cap of C$9.88 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 3.72 and a beta of 0.68. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. The company’s 50 day moving average is C$115.72 and its 200-day moving average is C$121.02.

Toromont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, January 6th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.59%. The ex-dividend date was Friday, December 6th. Toromont Industries’s dividend payout ratio (DPR) is presently 31.18%.

Insider Buying and Selling at Toromont Industries

In other news, Director Jeffrey Scott Chisholm bought 4,500 shares of Toromont Industries stock in a transaction dated Tuesday, December 10th. The shares were bought at an average price of C$111.45 per share, for a total transaction of C$501,525.00. 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.