Finning International Inc. (TSE:FTT – Get Free Report) passed below its 200-day moving average during trading on Friday after Canadian Imperial Bank of Commerce lowered their price target on the stock from C$122.00 to C$120.00. The stock has a 200-day moving average of C$95.59 and traded as low as C$91.08. Finning International shares last traded at C$92.57, with a volume of 575,335 shares changing hands.
Other analysts have also issued research reports about the stock. Royal Bank Of Canada lowered their target price on shares of Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Scotiabank increased their price target on Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 7th. National Bank Financial raised their price target on Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Stifel Nicolaus set a C$127.00 price target on Finning International and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Finally, BMO Capital Markets lifted their price objective on Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$117.80.
Read Our Latest Stock Analysis on FTT
Finning International Stock Performance
The stock has a market cap of C$12.04 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 0.56 and a beta of 0.48. The stock’s fifty day moving average is C$98.88 and its 200-day moving average is C$95.59. The company has a quick ratio of 0.59, a current ratio of 1.47 and a debt-to-equity ratio of 86.86.
Finning International (TSE:FTT – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C$1.22 EPS for the quarter. The firm had revenue of C$3.13 billion during the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. On average, analysts forecast that Finning International Inc. will post 4.24 EPS for the current year.
Finning International Company Profile
Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.
Featured Articles
- Five stocks we like better than Finning International
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Finning International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International and related companies with MarketBeat.com's FREE daily email newsletter.
