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

Finning International (TSE:FTT) had its price objective hoisted by equities research analysts at Raymond James Financial from C$100.00 to C$120.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 15.31% from the company’s previous close.

A number of other research firms have also commented on FTT. TD lifted their target price on shares of Finning International from C$104.00 to C$106.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Scotiabank boosted their price target on shares of Finning International from C$105.00 to C$109.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. BMO Capital Markets boosted their price target on shares of Finning International from C$96.00 to C$115.00 in a report on Thursday. National Bank Financial raised shares of Finning International from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$89.00 to C$115.00 in a report on Thursday. Finally, TD Securities boosted their price target on shares of Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Finning International presently has a consensus rating of “Buy” and an average price target of C$110.33.

Finning International Price Performance

Shares of TSE:FTT 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 debt-to-equity ratio of 82.71, a current ratio of 1.67 and a quick ratio of 0.59. The business’s 50-day moving average price is C$91.68 and its 200 day moving average price is C$83.88. Finning International has a 52 week low of C$47.38 and a 52 week high of C$106.15. The stock has a market capitalization of C$13.61 billion, a PE ratio of 21.07, a P/E/G ratio of 0.56 and a beta of 0.70.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 earnings per share for the quarter. Finning International had a net margin of 6.21% and a return on equity of 24.05%. The firm had revenue of C$2.50 billion during the quarter. As a group, equities analysts predict that Finning International will post 4.244898 earnings per share for the current year.

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.