TD Securities Issues Positive Forecast for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its price objective raised by analysts at TD Securities from C$81.00 to C$88.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 18.90% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Scotiabank raised their target price on shares of Finning International from C$64.00 to C$71.00 in a report on Friday, October 17th. Royal Bank Of Canada raised their price objective on shares of Finning International from C$61.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. CIBC lifted their price objective on shares of Finning International from C$68.00 to C$77.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. BMO Capital Markets increased their target price on Finning International from C$57.00 to C$66.00 in a report on Tuesday, July 22nd. Finally, Raymond James Financial lifted their target price on shares of 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 given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$73.11.

Finning International Stock Performance

TSE:FTT traded down C$3.84 during midday trading on Thursday, reaching C$74.01. 534,303 shares of the company traded hands, compared to its average volume of 492,857. Finning International has a twelve month low of C$34.59 and a twelve month high of C$79.68. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The company has a fifty day moving average price of C$66.74 and a 200 day moving average price of C$58.74. The firm has a market capitalization of C$9.81 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 0.56 and a beta of 0.91.

Finning International Company Profile

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.