National Bank Financial Reiterates C$115.00 Price Target for Finning International (TSE:FTT)

Finning International (TSE:FTT) has been assigned a C$115.00 price target by equities researchers at National Bank Financial in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 17.14% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Scotiabank increased their price target on Finning International from C$105.00 to C$109.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 28th. BMO Capital Markets boosted their price objective on Finning International from C$96.00 to C$115.00 in a research report on Thursday, May 14th. Raymond James Financial upped their target price on shares of Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce raised their target price on shares of Finning International from C$100.00 to C$120.00 in a report on Thursday, May 14th. Finally, TD lifted their price target on shares of Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$114.78.

Finning International Stock Down 4.3%

FTT traded down C$4.40 during trading hours on Tuesday, hitting C$98.17. 319,552 shares of the company’s stock were exchanged, compared to its average volume of 435,677. The firm has a market cap of C$12.82 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 0.56 and a beta of 0.88. Finning International has a 12-month low of C$54.00 and a 12-month high of C$109.08. The company has a current ratio of 1.61, a quick ratio of 0.59 and a debt-to-equity ratio of 88.08. The firm has a 50 day moving average of C$99.32 and a 200 day moving average of C$89.33.

Finning International (TSE:FTT) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. The business had revenue of C$2.50 billion during the quarter. Finning International had a net margin of 6.34% and a return on equity of 24.23%. Analysts predict that Finning International will post 4.244898 EPS for the current fiscal year.

Insider Buying and Selling at Finning International

In other Finning International news, insider Tim Arne Ferwerda sold 1,478 shares of Finning International stock in a transaction dated Monday, June 1st. The stock was sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the completion of the sale, the insider directly owned 16,016 shares of the company’s stock, valued at C$1,699,617.92. The trade was a 8.45% decrease in their position. Also, insider Gary Samuel Megarrell sold 300 shares of Finning International stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$103.00, for a total value of C$30,900.00. Following the sale, the insider directly owned 2,511 shares of the company’s stock, valued at C$258,633. This trade represents a 10.67% decrease in their ownership of the stock. Insiders sold 7,813 shares of company stock worth $827,102 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

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.