Finning International (TSE:FTT – Free Report) had its price objective decreased by Canadian Imperial Bank of Commerce from C$122.00 to C$120.00 in a research note issued to investors on Thursday,BayStreet reports.
Other research analysts also recently issued research reports about the stock. Stifel Nicolaus set a C$127.00 target price on shares of Finning International and gave the company a “buy” rating in a research report on Wednesday, September 30th. Royal Bank Of Canada reduced their price target 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 raised their price target on shares of Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 7th. BMO Capital Markets lifted their price target on shares of Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, National Bank Financial upped their price objective on shares of Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, Finning International presently has an average rating of “Buy” and an average price target of C$117.80.
Get Our Latest Stock Report on Finning International
Finning International Trading Down 6.7%
Shares of FTT stock opened at C$92.57 on Thursday. Finning International has a fifty-two week low of C$70.67 and a fifty-two week high of C$115.60. The company has a debt-to-equity ratio of 86.86, a quick ratio of 0.59 and a current ratio of 1.47. The stock has a 50 day simple moving average of C$98.88 and a two-hundred day simple moving average of C$95.59. The company has a market cap of C$12.04 billion, a P/E ratio of 22.09, a PEG ratio of 0.56 and a beta of 0.48.
Finning International (TSE:FTT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. The firm had revenue of C$3.13 billion for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%. Research analysts forecast that Finning International will post 4.24 earnings per share for the current year.
About Finning International
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.
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