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Toromont Industries - TIH Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: C$135.00
  • Forecasted Upside: 18.36%
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 4 Buy Ratings
  • 1 Strong Buy Ratings
C$114.06 As of 12/20/2024 06:18 PM ET
▲ +1.38 (1.22%)

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

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Analyst Price Target for TIH

Analyst Price Target is C$135.00
▲ +18.36% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Toromont Industries in the last 3 months. The average price target is C$135.00, with a high forecast of C$150.00 and a low forecast of C$122.00. The average price target represents a 18.36% upside from the last price of C$114.06.

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

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Current Consensus is Moderate Buy

The current consensus among 9 polled investment analysts is to moderate buy stock in Toromont Industries. This rating changed within the last month from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 1 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/15/2024National Bank FinancialUpgradeHold ➝ Strong-Buy
12/12/2024CIBCBoost TargetNeutralC$127.00 ➝ C$128.00
11/6/2024BMO Capital MarketsLower TargetC$143.00 ➝ C$140.00
11/6/2024Raymond JamesLower TargetC$132.00 ➝ C$122.00
11/6/2024Royal Bank of CanadaLower TargetC$142.00 ➝ C$138.00
11/6/2024ScotiabankLower TargetC$136.00 ➝ C$132.00
11/5/2024National BanksharesLower TargetC$135.00 ➝ C$132.00
10/22/2024National BanksharesDowngradeOutperform ➝ Sector Perform
10/21/2024National Bank FinancialDowngradeStrong-Buy ➝ Hold
10/18/2024BMO Capital MarketsBoost TargetC$136.00 ➝ C$143.00
8/21/2024ScotiabankSet TargetSector PerformC$136.00
8/1/2024National BanksharesBoost TargetOutperformC$132.00 ➝ C$135.00
8/1/2024TD SecuritiesBoost TargetBuyC$140.00 ➝ C$150.00
8/1/2024Royal Bank of CanadaBoost TargetOutperformC$137.00 ➝ C$142.00
7/24/2024BMO Capital MarketsBoost TargetC$133.00 ➝ C$136.00
5/6/2024BMO Capital MarketsBoost TargetC$130.00 ➝ C$133.00
5/3/2024ScotiabankLower TargetSector PerformC$133.00 ➝ C$125.00
5/3/2024CIBCLower TargetNeutralC$130.00 ➝ C$128.00
5/3/2024Raymond JamesLower TargetMarket PerformC$135.00 ➝ C$132.00
5/3/2024Royal Bank of CanadaLower TargetOutperformC$140.00 ➝ C$137.00
5/3/2024National BanksharesLower TargetOutperformC$137.00 ➝ C$132.00
5/3/2024TD SecuritiesLower TargetBuyC$145.00 ➝ C$140.00
2/15/2024CIBCBoost TargetNeutralC$123.00 ➝ C$130.00
2/15/2024National BanksharesSet TargetOutperformC$137.00
2/15/2024ScotiabankBoost TargetSector PerformC$125.00 ➝ C$133.00
2/15/2024TD SecuritiesBoost TargetBuyC$130.00 ➝ C$140.00
2/15/2024Royal Bank of CanadaBoost TargetOutperformC$125.00 ➝ C$140.00
2/15/2024Canaccord Genuity GroupBoost TargetBuyC$123.00 ➝ C$138.00
2/15/2024Raymond JamesBoost TargetOutperformC$125.00 ➝ C$135.00
2/14/2024BMO Capital MarketsBoost TargetOutperformC$124.00 ➝ C$130.00
1/23/2024ScotiabankDowngradeOutperform ➝ Sector PerformC$124.00 ➝ C$125.00
1/12/2024CIBCBoost TargetNeutralC$116.00 ➝ C$123.00
12/11/2023BMO Capital MarketsBoost TargetC$116.00 ➝ C$124.00
11/2/2023Raymond JamesLower TargetOutperformC$130.00 ➝ C$125.00
11/1/2023Royal Bank of CanadaLower TargetOutperformC$131.00 ➝ C$125.00
11/1/2023Canaccord Genuity GroupLower TargetBuyC$127.00 ➝ C$123.00
11/1/2023BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$120.00 ➝ C$116.00
11/1/2023ScotiabankLower TargetOutperformC$126.00 ➝ C$124.00
10/31/2023National BanksharesBoost TargetOutperformC$128.00 ➝ C$129.00
7/31/2023Royal Bank of CanadaLower TargetOutperformC$133.00 ➝ C$131.00
7/28/2023Raymond JamesBoost TargetOutperformC$125.00 ➝ C$130.00
5/1/2023BMO Capital MarketsBoost TargetC$118.00 ➝ C$124.00
5/1/2023CIBCBoost TargetC$113.00 ➝ C$115.00
5/1/2023ScotiabankBoost TargetC$122.00 ➝ C$125.00
5/1/2023Royal Bank of CanadaBoost TargetOutperformC$131.00 ➝ C$133.00
5/1/2023TD SecuritiesBoost TargetBuyC$125.00 ➝ C$130.00
5/1/2023National BanksharesBoost TargetOutperformC$124.00 ➝ C$126.00
4/19/2023ScotiabankLower TargetC$125.00 ➝ C$122.00
2/16/2023BMO Capital MarketsBoost TargetC$112.00 ➝ C$118.00
2/16/2023CIBCBoost TargetNeutralC$111.00 ➝ C$113.00
2/16/2023ScotiabankBoost TargetC$121.00 ➝ C$125.00
2/16/2023National BanksharesBoost TargetOutperformC$110.00 ➝ C$124.00
2/16/2023Royal Bank of CanadaBoost TargetOutperformC$123.00 ➝ C$131.00
2/15/2023Raymond JamesBoost TargetOutperformC$120.00 ➝ C$125.00
1/11/2023National BanksharesUpgradeBuyC$110.00
1/10/2023National Bank FinancialUpgradeSector Perform Market Weight ➝ Outperform Market Weight
11/9/2022BMO Capital MarketsDowngradeOutperform ➝ Market PerformC$120.00 ➝ C$112.00
11/3/2022Royal Bank of CanadaBoost TargetOutperformC$122.00 ➝ C$123.00
11/3/2022CIBCBoost TargetNeutralC$107.00 ➝ C$111.00
11/3/2022ScotiabankBoost TargetC$114.00 ➝ C$116.00
10/20/2022ScotiabankLower TargetC$120.00 ➝ C$114.00
7/28/2022Royal Bank of CanadaLower TargetOutperformC$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
7/13/2022CIBCLower TargetC$125.00 ➝ C$107.00
7/12/2022National Bank FinancialDowngradeOutperform Overweight ➝ Sector Perform Overweight
7/12/2022National BanksharesDowngradeOutperform ➝ HoldC$127.00 ➝ C$109.00
4/29/2022TD SecuritiesBoost TargetHoldC$125.00 ➝ C$130.00
4/29/2022Royal Bank of CanadaBoost TargetOutperformC$126.00 ➝ C$129.00
4/29/2022BMO Capital MarketsBoost TargetC$126.00 ➝ C$130.00
4/29/2022CIBCBoost TargetNeutralC$123.00 ➝ C$125.00
4/29/2022ScotiabankBoost TargetC$125.00 ➝ C$126.00
4/25/2022Raymond JamesBoost TargetOutperformC$120.00 ➝ C$127.00
4/22/2022ScotiabankBoost TargetC$122.00 ➝ C$125.00
4/21/2022CIBCBoost TargetC$118.00 ➝ C$123.00
2/14/2022TD SecuritiesBoost TargetHoldC$120.00 ➝ C$125.00
2/11/2022Royal Bank of CanadaBoost TargetOutperformC$123.00 ➝ C$126.00
2/11/2022Canaccord Genuity GroupBoost TargetC$120.00 ➝ C$123.00
2/11/2022ScotiabankBoost TargetC$120.00 ➝ C$122.00
2/10/2022Raymond JamesReiterated RatingOutperformC$120.00
2/10/2022BMO Capital MarketsBoost TargetC$124.00 ➝ C$126.00
1/31/2022ScotiabankLower TargetC$122.50 ➝ C$120.00
1/13/2022CIBCBoost TargetC$113.00 ➝ C$118.00
1/5/2022National Bank FinancialBoost TargetOutperformC$126.00
1/5/2022National BanksharesBoost TargetC$125.00 ➝ C$126.00
11/9/2021ATB CapitalReiterated RatingOutperform
11/8/2021BMO Capital MarketsBoost TargetC$118.00 ➝ C$124.00
11/8/2021CIBCBoost TargetNeutralC$109.00 ➝ C$113.00
11/8/2021ScotiabankBoost TargetC$120.00 ➝ C$122.50
11/8/2021Royal Bank of CanadaBoost TargetOutperformC$119.00 ➝ C$121.00
11/8/2021TD SecuritiesBoost TargetHoldC$115.00 ➝ C$120.00
11/5/2021Raymond JamesBoost TargetOutperformC$115.00 ➝ C$120.00
7/30/2021TD SecuritiesBoost TargetHoldC$110.00 ➝ C$115.00
7/30/2021CIBCBoost TargetC$106.00 ➝ C$109.00
7/30/2021Royal Bank of CanadaBoost TargetOutperformC$117.00 ➝ C$118.00
7/30/2021Raymond JamesBoost TargetOutperformC$110.00 ➝ C$115.00
6/10/2021National BanksharesBoost TargetOutperformC$108.00 ➝ C$125.00
6/10/2021National Bank FinancialBoost TargetOutperformC$125.00
5/25/2021BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$105.00 ➝ C$114.00
5/6/2021National Bank FinancialBoost TargetOutperformC$108.00
5/6/2021CIBCBoost TargetNeutralC$100.00 ➝ C$106.00
5/6/2021ScotiabankBoost TargetC$115.00 ➝ C$118.00
5/6/2021TD SecuritiesBoost TargetHoldC$98.00 ➝ C$110.00
5/6/2021National BanksharesBoost TargetOutperformC$107.00 ➝ C$108.00
5/5/2021Raymond JamesBoost TargetOutperformC$99.00 ➝ C$110.00
5/5/2021BMO Capital MarketsBoost TargetMarket PerformC$96.00 ➝ C$105.00
5/5/2021Royal Bank of CanadaReiterated RatingOutperformC$105.00
4/13/2021CIBCBoost TargetNeutralC$95.00 ➝ C$100.00
4/6/2021ScotiabankUpgradeSector Perform ➝ OutperformC$100.00 ➝ C$115.00
2/17/2021TD SecuritiesBoost TargetHoldC$96.00
2/12/2021Raymond JamesBoost TargetOutperformC$91.50 ➝ C$99.00
2/12/2021ScotiabankBoost TargetC$92.00 ➝ C$100.00
2/12/2021CIBCBoost TargetC$92.00 ➝ C$95.00
2/12/2021BMO Capital MarketsBoost TargetMarket PerformC$95.00 ➝ C$96.00
1/14/2021CIBCBoost TargetC$90.00 ➝ C$92.00
1/12/2021Royal Bank of CanadaReiterated RatingOutperformC$101.00
1/6/2021BMO Capital MarketsDowngradeOutperform ➝ Market PerformC$96.00 ➝ C$95.00
11/10/2020CIBCBoost TargetC$73.00 ➝ C$90.00
11/9/2020TD SecuritiesBoost TargetHoldC$78.00 ➝ C$95.00
11/9/2020Raymond JamesBoost TargetOutperformC$75.00 ➝ C$91.50
11/9/2020National Bank FinancialBoost TargetOutperformC$88.50 ➝ C$98.00
11/9/2020BMO Capital MarketsBoost TargetC$80.00 ➝ C$96.00
10/22/2020ScotiabankBoost TargetC$73.00 ➝ C$85.00
10/21/2020National Bank FinancialBoost TargetOutperformC$76.00 ➝ C$88.50
10/15/2020National Bank FinancialBoost TargetOutperformC$76.00 ➝ C$88.50
7/30/2020Raymond JamesBoost TargetOutperformC$66.00 ➝ C$75.00
7/30/2020BMO Capital MarketsBoost TargetC$72.00 ➝ C$80.00
7/30/2020TD SecuritiesBoost TargetHoldC$73.00 ➝ C$78.00
7/23/2020ScotiabankBoost TargetC$63.00 ➝ C$72.00
6/23/2020TD SecuritiesDowngradeBuy ➝ HoldC$73.00
5/4/2020TD SecuritiesLower TargetBuyC$75.00 ➝ C$73.00
5/4/2020Raymond JamesSet TargetOutperformC$66.00
5/4/2020ScotiabankBoost TargetC$61.00 ➝ C$63.00
4/23/2020Raymond JamesLower TargetOutperformC$82.00 ➝ C$66.00
4/21/2020CIBCLower TargetC$75.00 ➝ C$70.00
4/1/2020TD SecuritiesLower TargetBuyC$81.00 ➝ C$75.00
3/30/2020National Bank FinancialLower TargetOutperformC$82.00 ➝ C$76.00
3/24/2020ScotiabankLower TargetC$76.00 ➝ C$61.00
2/13/2020Raymond JamesReiterated RatingOutperformC$82.00
2/13/2020TD SecuritiesBoost TargetBuyC$76.00 ➝ C$81.00
1/15/2020CIBCBoost TargetC$69.00 ➝ C$75.00
1/7/2020National Bank FinancialBoost TargetOutperformC$79.00 ➝ C$82.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

0.41 (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
  • 1 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 10 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 1 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 3 very positive mentions
  • 8 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 3 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

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

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

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.
Read More

Today's Range

Now: C$114.06
Low: C$112.44
High: C$114.74

50 Day Range

MA: C$119.54
Low: C$111.19
High: C$134.67

52 Week Range

Now: C$114.06
Low: C$109.83
High: C$135.53

Volume

274,885 shs

Average Volume

119,954 shs

Market Capitalization

C$9.34 billion

P/E Ratio

18.19

Dividend Yield

1.48%

Beta

0.68

Frequently Asked Questions

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

The following Wall Street research analysts have issued stock ratings on Toromont Industries in the last year: BMO Capital Markets, Canaccord Genuity Group Inc., CIBC, National Bank Financial, National Bankshares, Inc., Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for TIH.

What is the current price target for Toromont Industries?

0 Wall Street analysts have set twelve-month price targets for Toromont Industries in the last year. Their average twelve-month price target is C$135.00, suggesting a possible upside of 18.4%. TD Securities has the highest price target set, predicting TIH will reach C$150.00 in the next twelve months. Raymond James has the lowest price target set, forecasting a price of C$122.00 for Toromont Industries in the next year.
View the latest price targets for TIH.

What is the current consensus analyst rating for Toromont Industries?

Toromont Industries currently has 4 hold ratings, 4 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for TIH.

What other companies compete with Toromont Industries?

Other companies that are similar to Toromont Industries include Finning International, Russel Metals, ADENTRA, Doman Building Materials Group and Wajax. Learn More about companies similar to Toromont Industries.

How do I contact Toromont Industries' investor relations team?

Toromont Industries' physical mailing address is 3131 Highway 7 West, Stn Main PO Box 5511, CONCORD, ON L4K 5B7, Canada. The company's listed phone number is +1-416-6675511. The official website for Toromont Industries is www.toromont.com. Learn More about contacing Toromont Industries investor relations.