OTCMKTS:TMTNF - Toromont Industries Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $112.75
  • Forecasted Upside: 40.38 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$80.32
+0.30 (1.20%)

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Analyst Price Target for TMTNF

Analyst Price Target is $112.75
▲ +40.38% 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 $112.75, with a high forecast of $125.00 and a low forecast of $105.00. The average price target represents a 40.38% upside from the last price of $80.32.

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 Buy

The current consensus among 8 contributing investment analysts is to buy stock in Toromont Industries.

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
  • 0 hold ratings
  • 0 sell ratings
2/1/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/1/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/30/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/28/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/26/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/26/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/25/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/25/2021

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/10/2021Maxim GroupBoost Price TargetOutperformC$108.00 ➝ C$125.00
5/24/2021BMO Capital MarketsUpgradeMarket Perform ➝ Outperform
5/6/2021CIBCBoost Price TargetNeutral$100.00 ➝ $106.00
5/6/2021Maxim GroupBoost Price TargetOutperform$107.00 ➝ $108.00
5/6/2021Royal Bank of CanadaBoost Price TargetOutperform$105.00 ➝ $117.00
5/6/2021ScotiabankBoost Price TargetOutperform$115.00 ➝ $118.00
5/6/2021TD SecuritiesBoost Price TargetHold$98.00 ➝ $110.00
5/5/2021Canaccord GenuityBoost Price TargetBuy$107.00 ➝ $111.00
5/5/2021BMO Capital MarketsBoost Price TargetMarket Perform$96.00 ➝ $105.00
5/5/2021Raymond JamesBoost Price TargetOutperform$99.00 ➝ $110.00
4/13/2021CIBCBoost Price TargetNeutral$95.00 ➝ $100.00
4/5/2021ScotiabankUpgradeSector Perform ➝ Outperform$100.00 ➝ $115.00
2/16/2021TD SecuritiesBoost Price TargetHold$95.00 ➝ $98.00
2/12/2021CIBCBoost Price TargetNeutral$92.00 ➝ $95.00
2/12/2021BMO Capital MarketsBoost Price TargetMarket Perform$95.00 ➝ $96.00
2/12/2021Canaccord GenuityBoost Price TargetBuy$96.00 ➝ $99.00
2/12/2021ScotiabankBoost Price TargetSector Perform$92.00 ➝ $100.00
1/14/2021CIBCBoost Price TargetNeutral$90.00 ➝ $92.00
1/12/2021Royal Bank of CanadaInitiated CoverageOutperform
1/5/2021BMO Capital MarketsDowngradeOutperform ➝ Market Perform
11/10/2020CIBCBoost Price TargetNeutral$73.00 ➝ $90.00
11/9/2020BMO Capital MarketsBoost Price TargetOutperform$80.00 ➝ $96.00
11/9/2020Raymond JamesBoost Price TargetOutperform$75.00 ➝ $91.50
11/9/2020ScotiabankBoost Price TargetSector Perform$85.00 ➝ $92.00
11/9/2020TD SecuritiesBoost Price TargetHold$78.00 ➝ $95.00
10/22/2020ScotiabankBoost Price TargetSector Perform$73.00 ➝ $85.00
10/15/2020Maxim GroupBoost Price TargetOutperform$76.00 ➝ $88.50
9/24/2020Canaccord GenuityBoost Price TargetBuy$77.00 ➝ $82.00
7/30/2020CIBCBoost Price TargetNeutral$70.00 ➝ $73.00
7/30/2020BMO Capital MarketsBoost Price TargetOutperform$72.00 ➝ $80.00
7/30/2020ScotiabankBoost Price TargetSector Perform$72.00 ➝ $73.00
7/30/2020TD SecuritiesBoost Price TargetHold$73.00 ➝ $78.00
7/23/2020Canaccord GenuityBoost Price TargetBuy$71.00 ➝ $77.00
7/23/2020ScotiabankBoost Price TargetSector Perform$63.00 ➝ $72.00
6/23/2020TD SecuritiesDowngradeBuy ➝ Hold$73.00
5/4/2020Canaccord GenuityBoost Price TargetBuy$66.00 ➝ $71.00
(Data available from 7/25/2016 forward)
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 building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, 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 based in Concord, Canada.
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Today's Range

Now: $80.32
Low: $80.32
High: $80.32

50 Day Range

MA: $86.30
Low: $80.32
High: $91.08

52 Week Range

Now: $80.32
Low: $51.62
High: $91.40

Volume

N/A

Average Volume

1,671 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?

8 Wall Street analysts have set twelve-month price targets for Toromont Industries in the last year. Their average twelve-month price target is $112.75, suggesting a possible upside of 40.4%. Maxim Group has the highest price target set, predicting TMTNF will reach $125.00 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 2 hold ratings and 6 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, Imagexpres, 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.