Toromont Industries (TIH), the Services sector company, has received a rating update from a Wall Street analyst today. Raymond James’ analyst Ben Cherniavsky reiterates their Buy rating on the shares, with a C$71 price target.
Cherniavsky has an average return of 8.8% when recommending Toromont Industries.
According to TipRanks.com, Cherniavsky is ranked #573 out of 5180 analysts.
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Toromont Industries has an analyst consensus of Moderate Buy, with a price target consensus of C$68.20, which is a 0.1% upside from current levels. In a report released today, BMO Capital also maintained a Buy rating on the stock with a C$72 price target.
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Toromont Industries’ market cap is currently C$5.34B and has a P/E ratio of 21.5. The company has a Price to Book ratio of 4.15.
Toromont Industries Ltd. engages in the distribution of construction equipment, power systems, and refrigeration systems. It operates through the Equipment Group and CIMCO segments. The Equipment Group segment comprises of Toromont CAT, Battlefield, Sitech, and AgWest.
The company’s shares closed on Tuesday at C$68.12.
