Scotiabank Boosts Finning International (TSE:FTT) Price Target to C$109.00

Finning International (TSE:FTT) had its price objective raised by investment analysts at Scotiabank from C$105.00 to C$109.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 12.79% from the stock’s current price.

FTT has been the subject of several other reports. TD Securities boosted their target price on shares of Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Canaccord Genuity Group raised their target price on Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Royal Bank Of Canada raised their target price on Finning International from C$89.00 to C$104.00 in a research report on Thursday, February 12th. Canadian Imperial Bank of Commerce raised their target price on Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. Finally, TD raised their target price on Finning International from C$104.00 to C$106.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Seven investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of C$96.33.

Finning International Stock Performance

Finning International stock traded down C$3.51 during mid-day trading on Tuesday, reaching C$96.64. 127,668 shares of the company traded hands, compared to its average volume of 430,075. The firm’s fifty day moving average is C$90.27 and its two-hundred day moving average is C$81.81. Finning International has a fifty-two week low of C$38.42 and a fifty-two week high of C$101.89. 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 company has a market capitalization of C$12.64 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 0.56 and a beta of 0.69.

Finning International (TSE:FTT) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. The company had revenue of C$2.77 billion for the quarter. Finning International had a net margin of 6.21% and a return on equity of 24.05%. On average, equities research analysts expect that Finning International will post 4.244898 earnings per share for the current fiscal 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.