Buy, Sell or Hold: Toromont Industries (TIH-T) — Stock Predictions at Stockchase

TSE:TIH

100.51

1.50 (1.47%) 1d

Showing 1 to 15 of 64 entries

PAST TOP PICK

(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

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

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

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

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

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

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

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The latest earnings were solid with EPS beating estimates by 19% at 58 cents. Sales were $806M. They raised their dividend by 13% and sales also rose the same percentage point. The balance sheet is strong and growth forecasts remain strong. Not cheap at 27x earnings, but looks solid. Unlock Premium - Try 5i Free

machinery

BUY

TIH vs. CAT Instead of Caterpillar, he prefers Toromont, which has higher dividend growth and better price performance.

machinery

PAST TOP PICK

(A Top Pick Nov 01/19, Up 29%) A mystery since it has done well despite the pandemic. Distributor for Caterpillar equipment, constructions, power systems, etc. Home building is doing well and construction is doing well. Gold mining is also back in full swing. Their customers are having a good year. Scores well on all 3 metrics. A stable stock in the industrial sector.

machinery

COMMENT

A very well run company with a pristine track record. It pays a low yield, and he looks for higher ones. He needs a sustained income. If the company pays a low yield, you expect the company to somehow raise its share price. Tailwinds for TIH are rising infrastructure spends in Quebec and Ontario plus a mining boom especially in gold. He has never found the right entry point for TIH, but he won't object if you buy it.

machinery

BUY on WEAKNESS

He holds this one since 2015 and no intention to sell. They hold the rights to Caterpillar dealerships, now into Quebec and the Atlantic provinces. Most of their revenues come from mining, construction and farming. Fiscal stimulus could aid infrastructure, so construction could also do well. Mining should be okay for precious metals. The management team is focused on free cash flow and growing the dividend -- up 15% per year over the past 5 years. There is more downward price action in the market, so he would think about putting in buy orders about 15% below current levels.

machinery

HOLD

The long term price chart is amazing. Management has been very disciplined. It comes down to how you feel about the economy as this is a cyclical company. His view is that fiscal stimulus will be forthcoming, so his view would be positive. A good name to hold over the long term.

machinery

TOP PICK

The leader is base materials/industrials. It's testing resistance at $70. The ascending triangle is very positive (huge in technical analysis) and he expects a breakout. It's ready to climb. Everything is setting up nicely. Add on weakness in coming weeks. (Analysts’ price target is $74.38)

machinery

TOP PICK

A heavy equipment dealer. He is looking for a cyclical recovery next year. They are a distributor for Caterpillar and other heavy equipment. Really good operators. Yield 1.58% (Analysts’ price target is $69.50)

machinery

Showing 1 to 15 of 64 entries

Toromont Industries(TIH-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

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. 3 analysts recommended to BUY the stock. 0 analysts 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 2022-10-05, Toromont Industries (TIH-T) stock closed at a price of $100.51.

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