Finning International (TSE:FTT) Stock Gets Price Target Cut from Royal Bank Of Canada

Finning International (TSE:FTT) had its price objective reduced by Royal Bank Of Canada from C$129.00 to C$124.00 in a research report released on Wednesday morning,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce reduced their price objective on Finning International from C$122.00 to C$120.00 in a research note on Thursday, October 29th. National Bank Financial increased their price objective on 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 upped their price target on Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Stifel Nicolaus lowered their price target on Finning International from C$126.00 to C$123.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Scotiabank cut their price objective on Finning International from C$118.00 to C$114.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Finning International currently has a consensus rating of “Buy” and a consensus price target of C$116.10.

Finning International Stock Down 0.3%

FTT opened at C$88.74 on Wednesday. The company has a fifty day moving average of C$99.22 and a two-hundred day moving average of C$95.97. The company has a debt-to-equity ratio of 89.02, a quick ratio of 0.59 and a current ratio of 1.54. Finning International has a fifty-two week low of C$70.89 and a fifty-two week high of C$115.60. The stock has a market capitalization of C$11.50 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 0.56 and a beta of 0.23.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, November 10th. The company reported C$1.20 EPS for the quarter. Finning International had a return on equity of 18.81% and a net margin of 4.85%. The business had revenue of C$3.04 billion during the quarter. On average, research analysts expect that Finning International will post 4.24 earnings per share for the current year.

About Finning International

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.