BMO Capital Markets Issues Positive Forecast for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its price target boosted by BMO Capital Markets from C$76.00 to C$85.00 in a report published on Thursday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada raised their price target on Finning International from C$61.00 to C$67.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. TD Securities increased their price objective on Finning International from C$81.00 to C$88.00 in a report on Thursday. Scotiabank raised their target price on Finning International from C$71.00 to C$85.00 in a research note on Thursday. Raymond James Financial upped their price target on Finning International from C$68.00 to C$85.00 in a research report on Thursday. Finally, CIBC increased their price target on shares of Finning International from C$77.00 to C$84.00 in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$75.88.

Finning International Stock Down 5.0%

FTT opened at C$73.92 on Thursday. The company has a 50 day moving average of C$67.05 and a 200 day moving average of C$58.84. The company has a market cap of C$9.95 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 0.56 and a beta of 0.91. Finning International has a 12 month low of C$34.59 and a 12 month high of C$79.68. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14.

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.