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Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

The experts have different opinions on Toromont Industries. One expert sees a lot of potential due to spending on construction and US manufacturing facilities, better supply/demand for energy and materials, and attractive performance compared to other companies. Another expert is cautious, stating that the stock has been stuck in consolidation for 3 years and may only be worth a trade if it falls back to $100. A third expert prefers another company, TFI International, over Toromont due to its great performance, management, and potential upside. The fourth expert acknowledges Toromont as a very strong company but considers its valuation to be full at the moment, suggesting to wait for the shares to fall before buying.

Consensus
Mixed
Valuation
Fair Value
BUY
Toromont Industries

The structural backdrop includes a lot of spending on construction and on US manufacturing facilities. Much better supply/demand for energy and materials than we've had in a decade. These are all customers of FTT.

If you look at the performance of CAT, FTT and TIH over the last year, all look very attractive. TIH does more construction, whereas FTT does more materials and so he'd lean more toward that one.

machinery
DON'T BUY
Toromont Industries

It's been stuck in consolidation for 3 years, failing to break above $110 a few times. If it falls back to $100, it could be worth a trade. Otherwise, he's cool towards it.

machinery
COMMENT
Toromont Industries

The question was on his preference between Toromont or TFI International. Although Toromnt is good he prefers TFI which has been a great stock and huge performer. It has great management which has deployed capital very well and made smart acquisitions. There is more upside.

machinery
BUY ON WEAKNESS
Toromont Industries

Eastern Canada Caterpillar dealer.
Very strong company.
Used to own shares in company.
Valuation full at the moment.
Wait for shares to fall before buying. 

machinery
Unspecified
Toromont Industries

There is not great growth in the industry of heavy equipment but it has good management making good acquisitions. It is less exposed to the commodity cycle than Finning. He likes it but doesn't own it.

machinery
BUY
Toromont Industries
It's the time for industrials, from late January into early May. TIH could do well in February. The chart shows higher lows, which is good.
machinery
BUY ON WEAKNESS
Toromont Industries
We're in a recessionary timeframe right now, so companies that provide heavy equipment tend not to do well. Higher recurring revenues from maintenance, so they've been able to hold their own. Refrigeration unit is struggling, but backlog continues to grow. Low $90s a good time to buy.
machinery
PAST TOP PICK
Toromont Industries
(A Top Pick Feb 03/21, Up 58%) Continues to like the name. Fits peanut butter & chocolate play (intersection of industrial and materials business). Will continue to hold.
machinery
PAST TOP PICK
Toromont Industries
(A Top Pick Apr 08/22, Down 13%) Disappointing. Concerns on slowdown of the economy. 40% of revenue comes from maintenance and support, so it's less cyclical than others. Still likes its fundamentals. Good backlog. Should benefit from government infrastructure spend during a slowdown.
machinery
TOP PICK
Toromont Industries
Very difficult to get construction equipment given supply chain disruptions - creating opportunity for business. Back -log at record high with improving margins and strong earnings/revenue. Pristine balance sheet with no debt and net cash. Likely will see company increase M&A activity. Strong management team with good track record of capital allocation.
machinery
BUY
Toromont Industries
Distributes Caterpillar and heavy equipment. It is conservatively managed and financed and has been a perennial out-performer with dividend growth. Some cyclicality but less than producers since they are dealerships. It is asset light so has lower costs.
machinery
BUY
Toromont Industries
Long term investment and owned since 1998. Up 28% YTD, 23% for 5 Years and 16% the last 15 years. Above average growth rates because is oligopoly. Covers most of Eastern Canada. Current assets greater than current liabilities. Great management team and returns continue to grow. Dividend has averaged around 14% growth per year.
machinery
BUY
Toromont Industries

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company looks pretty good today. The valuation is now down slightly although the fundamentals remain sound. A good buying opportunity. Cash balance has increased and it continues to grow its equity position.EPS is projected to grow quite nicely. Unlock Premium - Try 5i Free

machinery
TOP PICK
Toromont Industries
One of his favourite companies in Canada. Lower risk. Hold it for the long term. A first-class business. The CEO delivers beat after beat, sometimes by a wide margin. Lower risk. Yield is 1.30%. (Analysts’ price target is $112.67)
machinery
BUY
Toromont Industries
Just had a great quarter. The company just keeps chugging. This name keeps getting better. Beat earnings by 20% and 26% up YoY. Backlog is at record levels, and anticipated recovery. Excellent balance sheet with capital ready to deploy for acquisitions. Modelling 21% EPS growth. Trades at 24x. Bought after earnings and you can continue to build positions into this name.
machinery
Showing 1 to 15 of 72 entries

Toromont Industries(TIH-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Toromont Industries is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Toromont Industries(TIH-T) Frequently Asked Questions

What is Toromont Industries stock symbol?

Toromont Industries is a Canadian stock, trading under the symbol TIH-T on the Toronto Stock Exchange (TIH-CT). It is usually referred to as TSX:TIH or TIH-T

Is Toromont Industries a buy or a sell?

In the last year, 3 stock analysts published opinions about TIH-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Toromont Industries.

Is Toromont Industries a good investment or a top pick?

Toromont Industries was recommended as a Top Pick by on . Read the latest stock experts ratings for Toromont Industries.

Why is Toromont Industries stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Toromont Industries worth watching?

3 stock analysts on Stockchase covered Toromont Industries In the last year. It is a trending stock that is worth watching.

What is Toromont Industries stock price?

On 2024-05-17, Toromont Industries (TIH-T) stock closed at a price of $123.22.