Finning International (TSE:FTT) Price Target Raised to C$105.00

Finning International (TSE:FTT) had its price objective upped by Scotiabank from C$92.00 to C$105.00 in a report issued on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on FTT. TD Securities upped their price objective on Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce upped their price target on Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. BMO Capital Markets boosted their price objective on Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Royal Bank Of Canada increased their target price on shares of Finning International from C$89.00 to C$104.00 in a report on Thursday, February 12th. Finally, National Bank Financial raised their target price on shares of Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a research note on Monday, December 15th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$94.63.

Finning International Price Performance

Shares of TSE:FTT opened at C$90.08 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. The stock has a market capitalization of C$11.78 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. The firm’s 50 day moving average price is C$81.75 and its 200-day moving average price is C$71.59. Finning International has a twelve month low of C$34.59 and a twelve month high of C$91.14.

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