Finning International (TSE:FTT) Price Target Raised to C$122.00 at BMO Capital Markets

Finning International (TSE:FTTFree Report) had its target price upped by BMO Capital Markets from C$118.00 to C$122.00 in a research note released on Friday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

FTT has been the subject of several other research reports. National Bank Financial upped their price target on shares of Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research report on Friday. Scotiabank raised their price objective on shares of Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 7th. Raymond James Financial lifted their price objective on shares of Finning International from C$100.00 to C$120.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce upped their target price on shares of Finning International from C$100.00 to C$120.00 in a report on Thursday, May 14th. Finally, TD raised their price target on Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Finning International has a consensus rating of “Buy” and a consensus price target of C$116.89.

Check Out Our Latest Stock Report on Finning International

Finning International Trading Up 0.5%

FTT opened at C$95.95 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.61 and a debt-to-equity ratio of 88.08. Finning International has a 52 week low of C$55.82 and a 52 week high of C$109.58. The business’s 50 day moving average is C$100.18 and its two-hundred day moving average is C$94.83. The firm has a market cap of C$12.53 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 0.56 and a beta of 0.86.

Finning International (TSE:FTTGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. The business had revenue of C$3.13 billion during the quarter. Finning International had a return on equity of 24.23% and a net margin of 6.34%. On average, research analysts predict that Finning International will post 4.244898 EPS for the current year.

Insiders Place Their Bets

In other news, insider Gary Samuel Megarrell sold 300 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$103.00, for a total value of C$30,900.00. Following the completion of the sale, the insider owned 2,511 shares in the company, valued at approximately C$258,633. This trade represents a 10.67% decrease in their position. Also, insider Tim Arne Ferwerda sold 1,478 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the completion of the sale, the insider owned 16,016 shares of the company’s stock, valued at C$1,699,617.92. This trade represents a 8.45% decrease in their position. In the last 90 days, insiders have sold 7,813 shares of company stock valued at $827,102. 0.10% of the stock is owned by insiders.

About Finning International

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Finning International (TSE:FTT)

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