Canadian Imperial Bank of Commerce Issues Positive Forecast for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its price objective raised by Canadian Imperial Bank of Commerce from C$84.00 to C$102.00 in a research note released on Friday,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on FTT. Raymond James Financial upped their price target on shares of Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. Scotiabank raised their price objective on shares of Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. National Bankshares raised their price target on shares of Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a report on Monday, December 15th. BMO Capital Markets lifted their price objective on shares of Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Finally, TD Securities increased their target price on shares of Finning International from C$88.00 to C$100.00 in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Finning International has an average rating of “Moderate Buy” and an average target price of C$82.00.

Finning International Trading Up 3.0%

TSE:FTT opened at C$88.90 on Friday. The stock’s 50-day moving average is C$79.21 and its two-hundred day moving average is C$69.84. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The stock has a market cap of C$11.68 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. Finning International has a fifty-two week low of C$34.59 and a fifty-two week high of C$89.85.

About Finning International

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.