Toromont Industries - TMTNF Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $118.75
  • Forecasted Upside: 34.73%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$88.14
▼ -1.6942 (-1.89%)

This chart shows the closing price for TMTNF by one month, three months, or twelve months.

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Analyst Price Target for TMTNF

Analyst Price Target is $118.75
▲ +34.73% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Toromont Industries in the last 3 months. The average price target is $118.75, with a high forecast of $135.00 and a low forecast of $105.00. The average price target represents a 34.73% upside from the last price of $88.14.

This chart shows the closing price for TMTNF for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 1 polled investment analysts is to hold stock in Toromont Industries. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/5/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/5/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/3/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/1/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/30/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/28/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/28/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/28/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
4/11/2024Raymond JamesReiterated RatingOutperform ➝ Market Perform$135.00
7/31/2023Royal Bank of CanadaLower TargetC$133.00 ➝ C$131.00
7/28/2023Raymond JamesBoost TargetC$125.00 ➝ C$130.00
7/28/2023BMO Capital MarketsBoost TargetC$117.00 ➝ C$120.00
7/28/2023ScotiabankBoost TargetC$125.00 ➝ C$126.00
5/1/2023Royal Bank of CanadaBoost TargetC$131.00 ➝ C$133.00
5/1/2023BMO Capital MarketsBoost TargetC$118.00 ➝ C$124.00
5/1/2023National Bank FinancialBoost TargetC$124.00 ➝ C$126.00
5/1/2023ScotiabankBoost TargetC$122.00 ➝ C$125.00
5/1/2023TD SecuritiesBoost TargetC$125.00 ➝ C$130.00
2/16/2023CIBCBoost TargetC$111.00 ➝ C$113.00
2/16/2023BMO Capital MarketsBoost TargetC$112.00 ➝ C$118.00
2/16/2023ScotiabankBoost TargetC$121.00 ➝ C$125.00
2/15/2023Raymond JamesBoost TargetC$120.00 ➝ C$125.00
1/31/2023ScotiabankBoost TargetC$116.00 ➝ C$121.00
1/11/2023National Bank FinancialUpgradeSector Perform ➝ Outperform
11/9/2022BMO Capital MarketsDowngradeOutperform ➝ Market Perform
11/3/2022Royal Bank of CanadaBoost TargetC$122.00 ➝ C$123.00
11/3/2022ScotiabankBoost TargetC$114.00 ➝ C$116.00
10/20/2022ScotiabankLower TargetC$120.00 ➝ C$114.00
7/28/2022Royal Bank of CanadaLower TargetC$129.00 ➝ C$122.00
7/28/2022BMO Capital MarketsLower TargetC$130.00 ➝ C$120.00
7/25/2022ScotiabankLower TargetC$126.00 ➝ C$120.00
7/14/2022Canaccord Genuity GroupLower TargetBuy ➝ BuyC$130.00 ➝ C$117.00
7/12/2022National Bank FinancialDowngradeOutperform ➝ Sector Perform
4/29/2022Canaccord Genuity GroupBoost TargetC$123.00 ➝ C$130.00
4/29/2022BMO Capital MarketsBoost TargetC$126.00 ➝ C$130.00
4/29/2022Royal Bank of CanadaBoost TargetC$126.00 ➝ C$129.00
4/29/2022ScotiabankBoost TargetC$125.00 ➝ C$126.00
4/29/2022TD SecuritiesBoost TargetC$125.00 ➝ C$130.00
4/22/2022ScotiabankBoost TargetC$122.00 ➝ C$125.00
2/14/2022TD SecuritiesBoost TargetC$120.00 ➝ C$125.00
2/11/2022Royal Bank of CanadaBoost TargetC$123.00 ➝ C$126.00
2/11/2022ScotiabankBoost TargetC$120.00 ➝ C$122.00
2/10/2022BMO Capital MarketsBoost TargetC$124.00 ➝ C$126.00
1/5/2022Maxim GroupBoost TargetOutperform ➝ OutperformC$125.00 ➝ C$126.00
11/8/2021BMO Capital MarketsBoost TargetOutperformC$118.00 ➝ C$124.00
11/8/2021CIBCBoost TargetNeutralC$109.00 ➝ C$113.00
11/8/2021Royal Bank of CanadaBoost TargetOutperformC$119.00 ➝ C$121.00
11/8/2021ScotiabankBoost TargetOutperformC$120.00 ➝ C$122.50
11/8/2021TD SecuritiesBoost TargetHoldC$115.00 ➝ C$120.00
11/5/2021Raymond JamesBoost TargetOutperformC$115.00 ➝ C$120.00
7/30/2021Royal Bank of CanadaBoost TargetOutperformC$117.00 ➝ C$118.00
7/30/2021BMO Capital MarketsBoost TargetOutperformC$114.00 ➝ C$118.00
7/30/2021TD SecuritiesBoost TargetHoldC$110.00 ➝ C$115.00
7/29/2021Raymond JamesBoost TargetOutperformC$110.00 ➝ C$115.00
6/10/2021Maxim GroupBoost TargetOutperformC$108.00 ➝ C$125.00
5/24/2021BMO Capital MarketsUpgradeMarket Perform ➝ Outperform
5/6/2021CIBCBoost TargetNeutral$100.00 ➝ $106.00
5/6/2021Maxim GroupBoost TargetOutperform$107.00 ➝ $108.00
5/6/2021Royal Bank of CanadaBoost TargetOutperform$105.00 ➝ $117.00
5/6/2021ScotiabankBoost TargetOutperform$115.00 ➝ $118.00
5/6/2021TD SecuritiesBoost TargetHold$98.00 ➝ $110.00
5/5/2021BMO Capital MarketsBoost TargetMarket Perform$96.00 ➝ $105.00
5/5/2021Raymond JamesBoost TargetOutperform$99.00 ➝ $110.00
4/13/2021CIBCBoost TargetNeutral$95.00 ➝ $100.00
4/5/2021ScotiabankUpgradeSector Perform ➝ Outperform$100.00 ➝ $115.00
2/16/2021TD SecuritiesBoost TargetHold$95.00 ➝ $98.00
2/12/2021CIBCBoost TargetNeutral$92.00 ➝ $95.00
2/12/2021BMO Capital MarketsBoost TargetMarket Perform$95.00 ➝ $96.00
2/12/2021ScotiabankBoost TargetSector Perform$92.00 ➝ $100.00
1/14/2021CIBCBoost TargetNeutral$90.00 ➝ $92.00
1/12/2021Royal Bank of CanadaInitiated CoverageOutperform
1/5/2021BMO Capital MarketsDowngradeOutperform ➝ Market Perform
11/10/2020CIBCBoost TargetNeutral$73.00 ➝ $90.00
11/9/2020BMO Capital MarketsBoost TargetOutperform$80.00 ➝ $96.00
11/9/2020Raymond JamesBoost TargetOutperform$75.00 ➝ $91.50
11/9/2020ScotiabankBoost TargetSector Perform$85.00 ➝ $92.00
11/9/2020TD SecuritiesBoost TargetHold$78.00 ➝ $95.00
10/22/2020ScotiabankBoost TargetSector Perform$73.00 ➝ $85.00
10/15/2020Maxim GroupBoost TargetOutperform$76.00 ➝ $88.50
7/30/2020CIBCBoost TargetNeutral$70.00 ➝ $73.00
7/30/2020BMO Capital MarketsBoost TargetOutperform$72.00 ➝ $80.00
7/30/2020ScotiabankBoost TargetSector Perform$72.00 ➝ $73.00
7/30/2020TD SecuritiesBoost TargetHold$73.00 ➝ $78.00
7/23/2020ScotiabankBoost TargetSector Perform$63.00 ➝ $72.00
6/23/2020TD SecuritiesDowngradeBuy ➝ Hold$73.00
(Data available from 5/28/2019 forward)

News Sentiment Rating

0.00 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/31/2023
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/30/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/30/2023
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/29/2024
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/28/2024
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/29/2024
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/28/2024
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/28/2024

Current Sentiment

  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Very Positive

  • No very positive mentions tracked during this time.
Toromont Industries logo
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. This segment serves road building, mining, aggregates, infrastructure, residential and commercial construction, power generation, agriculture, forestry, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is headquartered in Concord, Canada.
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Today's Range

Now: $88.14
Low: $88.14
High: $88.50

50 Day Range

MA: $93.60
Low: $89.83
High: $97.90

52 Week Range

Now: $88.14
Low: $76.18
High: $97.90

Volume

850 shs

Average Volume

3,902 shs

Market Capitalization

N/A

P/E Ratio

56.04

Dividend Yield

2.37%

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, Raymond James, Royal Bank of Canada, and Scotiabank.
View the latest analyst ratings for TMTNF.

What is the current price target for Toromont Industries?

4 Wall Street analysts have set twelve-month price targets for Toromont Industries in the last year. Their average twelve-month price target is $118.75, suggesting a possible upside of 34.7%. Raymond James has the highest price target set, predicting TMTNF will reach $135.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of $105.00 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 1 hold rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in TMTNF, but not buy more shares or sell existing shares.
View the latest ratings for TMTNF.

What other companies compete with Toromont Industries?

How do I contact Toromont Industries' investor relations team?

Toromont Industries' physical mailing address is 3131 Highway 7 West, Concord, ON L4K. The company's listed phone number is (416) 667-5511. The official website for Toromont Industries is www.toromont.com. Learn More about contacing Toromont Industries investor relations.