Update shared on25 Sep 2025
Fair value Increased 1.83%Toromont Industries’ analyst price target has risen modestly to CA$148.78, reflecting confidence in sustained earnings momentum, robust equipment demand, margin expansion, and positive end-market trends.
Analyst Commentary
- Bullish analysts cite stronger-than-expected earnings momentum and resilient equipment demand across core end markets.
- Improving order backlog and robust quoting activity drive increased confidence in forward-looking revenue visibility.
- Expansion in operating margins and effective cost management have exceeded expectations.
- Strength in product support and recurring aftermarket revenues underpin margin enhancement and business stability.
- Positive macro trends in construction and infrastructure, as well as upticks in industrial capital expenditures, support higher growth estimates.
What's in the News
- Board authorized a share buyback plan allowing repurchase of up to 8,128,838 shares (9.99% of issued share capital) through September 2026; repurchased shares will be cancelled.
- As of September 12, 2025, 81,367,784 shares were issued and outstanding.
- From April to June 2025, 132,600 shares were repurchased for CAD 15.1 million; total repurchased under previous buyback reached 986,000 shares (1.21%) for CAD 123 million.
- Bradford, Ontario workers went on strike in July after wage and benefit negotiation breakdowns; they are represented by Unifor following a recent vote.
- Agreement reached to end Bradford strike with wage issue submitted to arbitration; weekend workers return August 29, others on September 2.
Valuation Changes
Summary of Valuation Changes for Toromont Industries
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$146.11 to CA$148.78.
- The Consensus Revenue Growth forecasts for Toromont Industries has fallen slightly from 4.8% per annum to 4.7% per annum.
- The Future P/E for Toromont Industries remained effectively unchanged, moving only marginally from 22.65x to 23.05x.
Disclaimer
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