TD Securities Raises Finning International (TSE:FTT) Price Target to C$43.00

Finning International (TSE:FTT) had its target price hoisted by stock analysts at TD Securities from C$41.00 to C$43.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential downside of 0.90% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. National Bank Financial raised shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, February 7th. National Bankshares upgraded Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 price objective on the stock in a research note on Thursday, February 8th. BMO Capital Markets lifted their target price on Finning International from C$47.00 to C$48.00 in a report on Wednesday. Scotiabank upped their price target on Finning International from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada lowered their price objective on Finning International from C$50.00 to C$45.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Finning International has an average rating of “Moderate Buy” and a consensus target price of C$49.13.

Finning International Price Performance

FTT stock opened at C$43.39 on Wednesday. The business’s fifty day moving average price is C$39.95 and its 200 day moving average price is C$38.08. Finning International has a 12-month low of C$33.77 and a 12-month high of C$46.30. 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 has a market capitalization of C$6.25 billion, a PE ratio of 12.26, a P/E/G ratio of 0.56 and a beta of 1.63.

Finning International (TSE:FTT) last released its earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, beating 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 company had revenue of C$2.40 billion during the quarter, compared to the consensus estimate of C$2.54 billion. On average, sell-side analysts anticipate that Finning International will post 3.9857007 EPS for the current year.

Insider Transactions at Finning International

In other news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. Insiders own 0.12% of the company’s stock.

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.