Finning International (TSE:FTT) Price Target Raised to C$106.00

Finning International (TSE:FTT) had its price objective lifted by analysts at TD from C$104.00 to C$106.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 19.10% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce raised their price objective on shares of Finning International from C$84.00 to C$102.00 in a report on Friday, February 6th. Scotiabank raised their price objective on shares of Finning International from C$92.00 to C$105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Canaccord Genuity Group raised their price objective on shares of Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Royal Bank Of Canada lifted their price target on Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th. Finally, TD Securities lifted their price target on Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$95.89.

Finning International Stock Down 4.4%

Shares of TSE:FTT traded down C$4.12 during trading on Wednesday, hitting C$89.00. 120,178 shares of the company’s stock traded hands, compared to its average volume of 429,779. Finning International has a 52 week low of C$37.03 and a 52 week high of C$98.93. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 82.71. The company has a market cap of C$11.64 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 0.56 and a beta of 0.69. The company has a 50-day moving average price of C$88.87 and a 200-day moving average price of C$79.86.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%.The business had revenue of C$2.77 billion for the quarter. As a group, research analysts forecast that Finning International will post 4.244898 EPS for the current fiscal year.

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.