Finning International (TSE:FTT) Price Target Raised to C$120.00 at Canadian Imperial Bank of Commerce

Finning International (TSE:FTT – Get Free Report) had its price target hoisted by equities research analysts at Canadian Imperial Bank of Commerce from C$100.00 to C$120.00 in a research note issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 15.31% from the stock’s current price.

Several other equities research analysts have also recently weighed in on FTT. TD Securities upped their target price on Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. BMO Capital Markets upped their target price on Finning International from C$96.00 to C$115.00 in a report on Thursday. Royal Bank Of Canada upped their target price on Finning International from C$89.00 to C$104.00 in a report on Thursday, February 12th. Scotiabank upped their target price on Finning International from C$105.00 to C$109.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. Finally, TD upped their target price on Finning International from C$104.00 to C$106.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$110.33.

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Finning International Trading Down 0.9%

Finning International stock traded down C$0.90 during mid-day trading on Thursday, hitting C$104.07. The company’s stock had a trading volume of 411,049 shares, compared to its average volume of 423,970. The company has a 50 day moving average of C$91.68 and a 200-day moving average of C$83.88. The stock has a market cap of C$13.61 billion, a PE ratio of 21.07, a P/E/G ratio of 0.56 and a beta of 0.70. The company has a debt-to-equity ratio of 82.71, a quick ratio of 0.59 and a current ratio of 1.67. Finning International has a one year low of C$47.38 and a one year high of C$106.15.

Finning International (TSE:FTT – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. The company had revenue of C$2.50 billion for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%. On average, research analysts anticipate that Finning International will post 4.244898 EPS for the current year.

Finning International Company Profile

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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.

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