Finning International (TSE:FTT) Price Target Raised to C$104.00

Finning International (TSE:FTT) had its price target lifted by Royal Bank Of Canada from C$89.00 to C$104.00 in a research report report published on Thursday,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. TD Securities lifted their price objective on shares of Finning International from C$88.00 to C$100.00 in a research note on Wednesday, February 4th. Raymond James Financial lifted their price target on Finning International from C$68.00 to C$85.00 in a research report on Thursday, November 13th. Scotiabank increased their price objective on Finning International from C$71.00 to C$85.00 in a report on Thursday, November 13th. BMO Capital Markets raised their price objective on Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Finally, Canadian Imperial Bank of Commerce upped their target price on Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Finning International has a consensus rating of “Moderate Buy” and an average target price of C$91.63.

Finning International Price Performance

Shares of TSE FTT opened at C$89.53 on Thursday. Finning International has a fifty-two week low of C$34.59 and a fifty-two week high of C$90.84. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The company has a market cap of C$11.71 billion, a PE ratio of 17.66, a P/E/G ratio of 0.56 and a beta of 0.80. The business has a 50-day simple moving average of C$80.71 and a two-hundred day simple moving average of C$70.86.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 EPS for the quarter. The firm had revenue of C$2.77 billion during the quarter. Finning International had a net margin of 4.54% and a return on equity of 19.69%. As a group, equities analysts expect that Finning International will post 4.244898 EPS for the current fiscal year.

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.