Scotiabank Increases Finning International (TSE:FTT) Price Target to C$71.00

Finning International (TSE:FTT) had its price objective increased by stock analysts at Scotiabank from C$64.00 to C$71.00 in a report issued on Friday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 2.51% from the company’s previous close.

A number of other analysts have also recently issued reports on FTT. BMO Capital Markets raised their price objective on Finning International from C$57.00 to C$66.00 in a research report on Tuesday, July 22nd. TD Securities raised their price objective on Finning International from C$69.00 to C$81.00 in a research report on Friday. Raymond James Financial raised their price objective on Finning International from C$56.00 to C$68.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada raised their price objective on Finning International from C$61.00 to C$67.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of C$62.89.

Finning International Stock Performance

FTT opened at C$69.26 on Friday. Finning International has a 12-month low of C$34.59 and a 12-month high of C$70.50. The stock has a market cap of C$9.18 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.56 and a beta of 1.05. The business has a 50 day moving average of C$60.98 and a 200-day moving average of C$54.19. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14.

About Finning International

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.