OTCMKTS:TMTNF - Toromont Industries Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $98.29
  • Forecasted Upside: 26.59 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$77.64
▲ +0.36 (0.47%)
1 month | 3 months | 12 months
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Analyst Price Target for TMTNF

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$98.29
▲ +26.59% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Toromont Industries in the last 3 months. The average price target is $98.29, with a high forecast of $115.00 and a low forecast of $88.50. The average price target represents a 26.59% upside from the last price of $77.64.
Buy
The current consensus among 8 contributing investment analysts is to buy stock in Toromont Industries. This rating has held steady since September 2020, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/25/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/23/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/22/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/21/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
10/19/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
1/17/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
3/18/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
4/17/2021

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetDetails
4/13/2021CIBCBoost Price TargetNeutral$95.00 ➝ $100.00
i
4/5/2021ScotiabankUpgradeSector Perform ➝ Outperform$100.00 ➝ $115.00
i
2/16/2021TD SecuritiesBoost Price TargetHold$95.00 ➝ $98.00
i
2/12/2021CIBCBoost Price TargetNeutral$92.00 ➝ $95.00
i
2/12/2021BMO Capital MarketsBoost Price TargetMarket Perform$95.00 ➝ $96.00
i
2/12/2021Canaccord GenuityBoost Price TargetBuy$96.00 ➝ $99.00
i
2/12/2021ScotiabankBoost Price TargetSector Perform$92.00 ➝ $100.00
i
1/14/2021CIBCBoost Price TargetNeutral$90.00 ➝ $92.00
i
1/12/2021Royal Bank of CanadaInitiated CoverageOutperform
i
1/5/2021BMO Capital MarketsDowngradeOutperform ➝ Market Perform
i
11/10/2020CIBCBoost Price TargetNeutral$73.00 ➝ $90.00
i
11/9/2020BMO Capital MarketsBoost Price TargetOutperform$80.00 ➝ $96.00
i
11/9/2020Raymond JamesBoost Price TargetOutperform$75.00 ➝ $91.50
i
11/9/2020ScotiabankBoost Price TargetSector Perform$85.00 ➝ $92.00
i
11/9/2020TD SecuritiesBoost Price TargetHold$78.00 ➝ $95.00
i
10/22/2020ScotiabankBoost Price TargetSector Perform$73.00 ➝ $85.00
i
10/15/2020Maxim GroupBoost Price TargetOutperform$76.00 ➝ $88.50
i
9/24/2020Canaccord GenuityBoost Price TargetBuy$77.00 ➝ $82.00
i
7/30/2020CIBCBoost Price TargetNeutral$70.00 ➝ $73.00
i
7/30/2020BMO Capital MarketsBoost Price TargetOutperform$72.00 ➝ $80.00
i
7/30/2020ScotiabankBoost Price TargetSector Perform$72.00 ➝ $73.00
i
7/30/2020TD SecuritiesBoost Price TargetHold$73.00 ➝ $78.00
i
7/23/2020Canaccord GenuityBoost Price TargetBuy$71.00 ➝ $77.00
i
7/23/2020ScotiabankBoost Price TargetSector Perform$63.00 ➝ $72.00
i
6/23/2020TD SecuritiesDowngradeBuy ➝ Hold$73.00
i
5/4/2020Canaccord GenuityBoost Price TargetBuy$66.00 ➝ $71.00
i
(Data available from 4/17/2016 forward)
Toromont Industries logo
Toromont Industries Ltd. is engaged 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 CIMCO segment relates in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. The company was founded on January 31, 1961 and is headquartered in Concord, Canada.
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Today's Range

Now: $77.64
$77.64
$77.64

50 Day Range

MA: $74.33
$71.21
$79.56

52 Week Range

Now: $77.64
$43.64
$80.09

Volume

108 shs

Average Volume

883 shs

Market Capitalization

N/A

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Toromont Industries?

The following sell-side analysts have issued research reports on Toromont Industries in the last year: BMO Capital Markets, Canaccord Genuity, CIBC, Maxim Group, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for TMTNF.

What is the current price target for Toromont Industries?

7 Wall Street analysts have set twelve-month price targets for Toromont Industries in the last year. Their average twelve-month price target is $98.29, suggesting a possible upside of 26.6%. Scotiabank has the highest price target set, predicting TMTNF will reach $115.00 in the next twelve months. Maxim Group has the lowest price target set, forecasting a price of $88.50 for Toromont Industries in the next year.
View the latest price targets for TMTNF.

What is the current consensus analyst rating for Toromont Industries?

Toromont Industries currently has 3 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe TMTNF will outperform the market and that investors should add to their positions of Toromont Industries.
View the latest ratings for TMTNF.

What other companies compete with Toromont Industries?

Other companies that are similar to Toromont Industries include China Industrial Group, Eurocash, GrainCorp, Rexel, Sinopharm Group and Sunnylife Global.

How do I contact Toromont Industries' investor relations team?

The company's listed phone number is (416) 667-5511. The official website for Toromont Industries is www.toromont.com.