Finning International (TSE:FTT – Get Free Report) had its target price decreased by investment analysts at TD from C$124.00 to C$123.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD‘s price objective would indicate a potential upside of 33.94% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Finning International from C$126.00 to C$123.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets upped 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 report on Friday, August 7th. Royal Bank Of Canada reduced their price objective on Finning International from C$129.00 to C$124.00 and set an “outperform” rating on the stock in a research note on Wednesday. Scotiabank cut their price target on shares of Finning International from C$118.00 to C$114.00 and set a “sector outperform” rating on the stock in a report on Wednesday. Finally, National Bank Financial raised their target price on Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Nine analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$116.10.
Get Our Latest Stock Analysis on Finning International
Finning International Price Performance
Shares of FTT stock traded up C$2.75 during trading hours on Wednesday, hitting C$91.83. 334,157 shares of the company’s stock were exchanged, compared to its average volume of 455,295. The company has a market capitalization of C$11.95 billion, a PE ratio of 21.92, a PEG ratio of 0.56 and a beta of 0.23. The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86. Finning International has a 12-month low of C$70.89 and a 12-month high of C$115.60. The business’s 50 day simple moving average is C$99.13 and its 200-day simple moving average is C$95.93.
Finning International (TSE:FTT – Get Free Report) last announced its quarterly earnings data on Tuesday, November 10th. The company reported C$1.20 earnings per share (EPS) for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. The company had revenue of C$3.04 billion during the quarter. On average, equities research analysts anticipate that Finning International will post 4.24 earnings per share 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.
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