Finning International (TSE:FTT) Stock Price Target Lowered at Stifel Nicolaus

Finning International (TSE:FTT) had its target price lowered by research analysts at Stifel Nicolaus from C$126.00 to C$123.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s price target indicates a potential upside of 33.94% from the company’s previous close.

FTT has been the topic of several other reports. National Bank Financial boosted their price target on shares of Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. BMO Capital Markets raised their price objective on Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce decreased their price objective on Finning International from C$122.00 to C$120.00 in a report on Thursday, October 29th. Finally, Royal Bank Of Canada set a C$129.00 target price on Finning International and gave the company an “outperform” rating in a research report on Tuesday, November 3rd. Nine equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$116.10.

Finning International Stock Up 3.1%

Shares of FTT stock traded up C$2.75 during trading on Wednesday, reaching C$91.83. The company’s stock had a trading volume of 334,157 shares, compared to its average volume of 455,295. The business has a fifty day moving average price of C$99.13 and a 200-day moving average price of C$95.93. 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 company has a market cap of C$11.95 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 0.56 and a beta of 0.23. Finning International has a one year low of C$70.89 and a one year high of C$115.60.

Finning International (TSE:FTT) last announced its earnings results on Tuesday, November 10th. The company reported C$1.20 EPS for the quarter. The business had revenue of C$3.04 billion during the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. 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.