Toromont Industries Ltd. has seen a slight downturn this week despite strong year-to-date performance.
This week, Toromont Industries Ltd. (TIH.TO) experienced a decline in its stock price, closing down 1.45% on the day and 2.28% over the week. Despite this recent slump, the stock has shown impressive growth of 35.23% year-to-date, indicating a resilient performance in the industrial sector.
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Toromont Industries Ltd.
TIH.TO
TIH.TO
Toromont Industries Ltd.
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Market cap
$17.84B
P/E
34.9x
Div. yield
0.98%
Div. / share
$2.16
52W high
$243.50
52W low
$139.42
1W change
-1.14%
Beta
0.97
Analyst Price Targets
Based on analyst covering TIH
Wall Street analysts forecast TIH stock price to rise 15.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$253.89
+15.7% Upside
Current Price
C$219.39
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TIH's historical volatility
30-Day Vol
40.8%
Annualized
90-Day Vol
43.5%
Annualized
Trend (90d)
-11.6%
Annualized drift
90d Mean
C$210.49
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$216.38 | C$187.95 – C$249.12 |
| 60 trading days | C$213.42 | C$174.87 – C$260.47 |
| 90 trading days | C$210.49 | C$164.92 – C$268.66 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Investors should consider both the recent price action and the upcoming earnings announcement as they assess the stock's potential moving forward.
C$226.98 Close, 1D: -1.45%
Despite the recent decline, Toromont's year-to-date increase of 35.23% highlights its strong market position in the industrial sector.
Bull case
Toromont Industries has performed well this year, and analysts have a moderately positive outlook. As it approaches its earnings announcement, there’s potential for further growth.
Bear case
The recent downward price trend and lower trading volume compared to the 20-day average may signal caution for investors considering new positions in the stock.
Recent Price Action
Toromont Industries Ltd. (TIH.TO) closed at C$226.98, reflecting a decline of 1.45% for the day and 2.28% for the week. The stock has seen a notable increase of 35.23% year-to-date, indicating strong performance despite the recent downturn.
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Upcoming Earnings Announcement
The company is set to announce its second-quarter results on July 28, 2026. This announcement could provide further insights into the company’s performance and future outlook, potentially influencing stock price movements.
Technical Picture
From a technical perspective, Toromont's last close of C$226.98 is above its 50-day moving average of C$224.48, which is up 1.1%. The stock is also significantly above its 200-day moving average of C$192.51, indicating a strong long-term trend. The 52-week range for the stock is between C$129.71 and C$243.50, with the current price sitting at approximately 85% of this range. The stock has a beta of 0.97, suggesting it has been relatively stable compared to the broader market.
Volume Analysis
Recent trading volume for Toromont was 236,840 shares, which is below the 20-day average volume of 288,105 shares. This lower trading volume (0.73x the average) may suggest reduced investor interest or caution ahead of the upcoming earnings report.
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