Finning International (TSE:FTT) Given New C$120.00 Price Target at Raymond James Financial

Finning International (TSE:FTT) had its target price upped by equities researchers at Raymond James Financial from C$100.00 to C$120.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 15.31% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity Group increased their price objective on shares of Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. TD increased their price objective on shares of Finning International from C$104.00 to C$106.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Canadian Imperial Bank of Commerce increased their price objective on shares of Finning International from C$100.00 to C$120.00 in a research note on Thursday. TD Securities increased their price objective on shares of Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada increased their price objective on shares of Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$110.33.

Finning International Stock Down 0.9%

Shares of Finning International stock traded down C$0.90 during trading on Thursday, reaching C$104.07. The stock had a trading volume of 411,049 shares, compared to its average volume of 423,970. The company has a market capitalization of C$13.61 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 0.56 and a beta of 0.70. The stock has a fifty day moving average price of C$91.68 and a two-hundred day moving average price of C$83.88. Finning International has a 52 week low of C$47.38 and a 52 week high of C$106.15. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 82.71.

Finning International (TSE:FTT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%.The company had revenue of C$2.50 billion for the quarter. Sell-side analysts predict 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.