TD Increases Finning International (TSE:FTT) Price Target to C$106.00

Finning International (TSE:FTT) had its target price raised by equities researchers at TD from C$104.00 to C$106.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective suggests a potential upside of 14.04% from the company’s current price.

FTT has been the topic of several other research reports. Royal Bank Of Canada raised their price target on shares of Finning International from C$89.00 to C$104.00 in a report on Thursday, February 12th. Scotiabank raised their target price on shares of Finning International from C$92.00 to C$105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised their target price on shares of Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Canaccord Genuity Group raised their target price on shares of Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, TD Securities raised their price objective on Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Finning International currently has a consensus rating of “Moderate Buy” and an average price target of C$95.89.

Finning International Trading Up 4.5%

Shares of FTT opened at C$92.95 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 82.71. The firm has a market capitalization of C$12.16 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 0.56 and a beta of 0.69. The stock’s fifty day simple moving average is C$89.01 and its 200 day simple moving average is C$80.01. Finning International has a twelve month low of C$37.08 and a twelve month high of C$98.93.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. The business had revenue of C$2.77 billion for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%. On average, 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.