Finning International (TSE:FTT) Stock Price Target Lowered at Stifel Nicolaus

Finning International (TSE:FTT) had its target price dropped by analysts at Stifel Nicolaus from C$126.00 to C$123.00 in a report released on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s price target points to a potential upside of 33.94% from the company’s current price.

FTT has been the subject of several other reports. Royal Bank Of Canada set a C$129.00 price target on Finning International and gave the stock an “outperform” rating in a report on Tuesday, November 3rd. BMO Capital Markets lifted their price objective on Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a report on Friday, August 7th. National Bank Financial boosted their price objective on Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce lowered their target price on Finning International from C$122.00 to C$120.00 in a research note on Thursday, October 29th. Nine investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$116.10.

Finning International Trading Up 3.1%

Shares of FTT traded up C$2.75 during trading hours on Wednesday, reaching C$91.83. The stock had a trading volume of 334,157 shares, compared to its average volume of 455,295. The company has a quick ratio of 0.59, a current ratio of 1.47 and a debt-to-equity ratio of 86.86. Finning International has a 52 week low of C$70.89 and a 52 week high of C$115.60. The firm has a 50-day moving average of C$99.13 and a 200 day moving average of C$95.93. The company has a market cap of C$11.95 billion, a P/E ratio of 21.92, a P/E/G ratio of 0.56 and a beta of 0.23.

Finning International (TSE:FTT) last posted its earnings results on Tuesday, November 10th. The company reported C$1.20 earnings per share for the quarter. The firm had revenue of C$3.04 billion for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%. On average, sell-side analysts expect that Finning International will post 4.24 earnings per share for the current fiscal year.

Finning International Company Profile

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.