Finning International (TSE:FTT) Given New C$104.00 Price Target at Royal Bank Of Canada

Finning International (TSE:FTT) had its price target lifted by Royal Bank Of Canada from C$89.00 to C$104.00 in a report published on Thursday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. Scotiabank upped their price objective on Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. Raymond James Financial boosted their target price on shares of Finning International from C$68.00 to C$85.00 in a research note 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 report on Wednesday, February 4th. National Bank Financial lifted their price objective on shares of Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a report on Monday, December 15th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$92.78.

Finning International Stock Performance

Shares of FTT stock opened at C$87.20 on Thursday. The stock has a market cap of C$11.41 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. The business has a 50-day simple moving average of C$80.41 and a 200-day simple moving average of C$70.59. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. Finning International has a 52-week low of C$34.59 and a 52-week high of C$90.84.

Finning International (TSE:FTT) last posted its earnings results on Tuesday, February 10th. The company reported C$1.02 EPS for the quarter. The firm had revenue of C$2.77 billion for the quarter. Finning International had a return on equity of 19.69% and a net margin of 4.54%. On average, equities analysts expect that Finning International will post 4.244898 EPS for the current year.

Finning International Company Profile

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.