Finning International (TSE:FTT) Price Target Raised to C$71.00 at Scotiabank

Finning International (TSE:FTT) had its price objective upped by Scotiabank from C$64.00 to C$71.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. TD Securities increased their target price on Finning International from C$69.00 to C$81.00 in a research note on Friday. Royal Bank Of Canada increased their target price on Finning International from C$61.00 to C$67.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. BMO Capital Markets increased their target price on Finning International from C$57.00 to C$66.00 in a research note on Tuesday, July 22nd. Finally, Raymond James Financial increased their target price on Finning International from C$56.00 to C$68.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$62.89.

Finning International Stock Down 0.6%

FTT opened at C$69.26 on Friday. The stock has a market cap of C$9.18 billion, a PE ratio of 14.86, a P/E/G ratio of 0.56 and a beta of 1.05. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. Finning International has a 52 week low of C$34.59 and a 52 week high of C$70.50. The business’s fifty day simple moving average is C$60.98 and its 200 day simple moving average is C$54.10.

About Finning International

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.