Finning International (TSE:FTT) Price Target Raised to C$104.00 at TD Securities

Finning International (TSE:FTT) had its target price raised by TD Securities from C$100.00 to C$104.00 in a report issued on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms also recently issued reports on FTT. Royal Bank Of Canada raised their price target on Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th. Raymond James Financial increased their target price on Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. Scotiabank raised their target price on Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. BMO Capital Markets upped their price target on shares of Finning International from C$76.00 to C$85.00 in a research report on Thursday, November 13th. Finally, Canaccord Genuity Group increased their price objective on shares of Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$94.63.

Finning International Stock Down 0.8%

FTT opened at C$88.81 on Tuesday. The stock has a market capitalization of C$11.62 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 0.56 and a beta of 0.80. The firm has a 50 day moving average price of C$81.20 and a 200-day moving average price of C$71.34. Finning International has a twelve month low of C$34.59 and a twelve month high of C$90.84. 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 (TSE:FTT) last issued its earnings results on Tuesday, February 10th. The company reported C$1.02 earnings per share (EPS) for the quarter. Finning International had a net margin of 4.54% and a return on equity of 19.69%. The company had revenue of C$2.77 billion for the quarter. Equities research analysts forecast that Finning International will post 4.244898 earnings per share 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.