Finning International (TSE:FTT) Price Target Raised to C$54.00 at Scotiabank

Finning International (TSE:FTT) had its price target boosted by investment analysts at Scotiabank from C$53.00 to C$54.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 24.45% from the stock’s previous close.

Several other brokerages have also recently issued reports on FTT. BMO Capital Markets upped their target price on Finning International from C$47.00 to C$48.00 in a report on Wednesday. National Bank Financial upgraded shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, February 7th. National Bankshares boosted their target price on shares of Finning International from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Wednesday. CIBC cut their price target on shares of 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, Royal Bank of Canada decreased their price objective on Finning International from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Finning International currently has an average rating of “Moderate Buy” and an average price target of C$49.13.

Finning International Stock Performance

TSE:FTT opened at C$43.39 on Wednesday. Finning International has a twelve month low of C$33.77 and a twelve month high of C$46.30. The company has a market cap of C$6.25 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.56 and a beta of 1.63. The company has a current ratio of 1.41, a quick ratio of 0.59 and a debt-to-equity ratio of 106.56. The company’s 50-day moving average price is C$39.95 and its 200-day moving average price is C$38.08.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, topping the consensus estimate of C$0.94 by C$0.02. Finning International had a return on equity of 20.88% and a net margin of 4.97%. The business had revenue of C$2.40 billion for the quarter, compared to analysts’ expectations of C$2.54 billion. On average, sell-side analysts forecast that Finning International will post 3.9857007 earnings per share for the current fiscal year.

Insider Activity at Finning International

In related news, Senior Officer David Francis Neil Primrose sold 10,000 shares of Finning International stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total value of C$360,000.00. 0.12% of the stock is currently owned by company insiders.

Finning International Company Profile

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.