Finning International (TSE:FTT) Price Target Raised to C$100.00

Finning International (TSE:FTT) had its price objective raised by equities researchers at TD Securities from C$88.00 to C$100.00 in a report issued on Wednesday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 13.90% from the stock’s current price.

A number of other brokerages have also recently issued reports on FTT. CIBC lifted their price objective on shares of Finning International from C$77.00 to C$84.00 in a research note on Thursday, November 13th. Raymond James Financial raised their price objective on Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. National Bankshares boosted their price objective on Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a research report on Monday, December 15th. Scotiabank increased their target price on Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. Finally, BMO Capital Markets boosted their price target on Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Finning International currently has an average rating of “Moderate Buy” and a consensus target price of C$79.75.

Finning International Price Performance

FTT stock traded up C$0.45 during midday trading on Wednesday, reaching C$87.80. The company had a trading volume of 197,810 shares, compared to its average volume of 423,690. The company has a market capitalization of C$11.53 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. Finning International has a 1-year low of C$34.59 and a 1-year high of C$89.85. The stock has a 50 day moving average price of C$78.44 and a 200-day moving average price of C$69.40.

Finning International Company Profile

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.