Stifel Nicolaus Analysts Give Finning International (TSE:FTT) a C$127.00 Price Target

Stifel Nicolaus set a C$127.00 price objective on Finning International (TSE:FTT) in a research report released on Wednesday morning,BayStreet reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. BMO Capital Markets boosted their price objective on 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. National Bank Financial increased their target price on Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Scotiabank lifted their price target on shares of 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. TD boosted their price target on shares of Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada reduced their price objective on shares of Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$117.80.

Finning International Trading Up 2.2%

FTT stock opened at C$112.30 on Wednesday. Finning International has a 52-week low of C$64.68 and a 52-week high of C$113.25. The company has a quick ratio of 0.59, a current ratio of 1.47 and a debt-to-equity ratio of 86.86. The firm has a market cap of C$14.61 billion, a P/E ratio of 26.80, a PEG ratio of 0.56 and a beta of 0.78. The company’s 50-day simple moving average is C$95.91 and its 200-day simple moving average is C$96.77.

Finning International (TSE:FTT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. The firm had revenue of C$3.13 billion during the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%. As a group, equities analysts forecast that Finning International will post 4.244898 EPS for the current fiscal 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.