Canaccord Genuity Group Issues Positive Forecast for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its target price boosted by Canaccord Genuity Group from C$90.00 to C$100.00 in a research note released on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Raymond James Financial raised their price objective on Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. Scotiabank increased their target price on shares of Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. TD Securities raised their price target on shares of Finning International from C$88.00 to C$100.00 in a research note on Wednesday, February 4th. National Bankshares boosted their price target on shares of Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a research report on Monday, December 15th. Finally, BMO Capital Markets upped their price objective on shares of Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.67.

Finning International Trading Up 1.8%

FTT stock opened at C$90.50 on Monday. Finning International has a 12-month low of C$34.59 and a 12-month high of C$90.61. The business’s 50-day moving average is C$79.54 and its 200 day moving average is C$70.16. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. The stock has a market cap of C$11.89 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 0.56 and a beta of 0.80.

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.