BMO Capital Markets Boosts Finning International (TSE:FTT) Price Target to C$48.00

Finning International (TSE:FTT) had its price objective raised by BMO Capital Markets from C$47.00 to C$48.00 in a report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 10.62% from the stock’s current price.

FTT has been the subject of a number of other reports. Scotiabank boosted their target price on shares of Finning International from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Royal Bank of Canada decreased their price objective on Finning International from C$50.00 to C$45.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. CIBC decreased their price target on Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Finally, TD Securities upped their price objective on Finning International from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Finning International presently has a consensus rating of “Moderate Buy” and a consensus target price of C$49.13.

Finning International Stock Up 1.0 %

Finning International stock opened at C$43.39 on Wednesday. The company has a debt-to-equity ratio of 106.56, a quick ratio of 0.59 and a current ratio of 1.41. Finning International has a fifty-two week low of C$33.77 and a fifty-two week high of C$46.30. The company has a market cap of C$6.25 billion, a PE ratio of 12.26, a PEG ratio of 0.56 and a beta of 1.63. The business’s 50-day simple moving average is C$39.95 and its two-hundred day simple moving average is C$38.08.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 EPS for the quarter, beating the consensus estimate of C$0.94 by C$0.02. The business had revenue of C$2.40 billion during the quarter, compared to analysts’ expectations of C$2.54 billion. Finning International had a net margin of 4.97% and a return on equity of 20.88%. Equities analysts anticipate that Finning International will post 3.9857007 EPS for the current year.

Insider Activity

In related news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. Company insiders own 0.12% of the company’s stock.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.