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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.
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.
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.
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.
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.
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
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
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.
Toromont Industries was recommended as a Top Pick by on . Read the latest stock experts ratings for Toromont Industries.
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.
3 stock analysts on Stockchase covered Toromont Industries In the last year. It is a trending stock that is worth watching.
On 2024-04-19, Toromont Industries (TIH-T) stock closed at a price of $128.84.
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.