Finning International (TSE:FTT) Price Target Raised to C$102.00 at CIBC World Markets

Finning International (TSE:FTT) had its target price upped by CIBC World Markets from C$84.00 to C$102.00 in a research report sent to investors on Saturday morning,BayStreet.CA reports.

Several other brokerages have also commented on FTT. Scotiabank increased their price target on shares of Finning International from C$71.00 to C$85.00 in a research note on Thursday, November 13th. National Bankshares increased their target price on shares of Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research report on Monday, December 15th. Raymond James Financial lifted their price target on shares of Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. TD Securities upped their price objective on shares of Finning International from C$88.00 to C$100.00 in a research note on Wednesday. Finally, BMO Capital Markets raised their price objective on Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Finning International presently has an average rating of “Moderate Buy” and a consensus price target of C$84.22.

Finning International Stock Up 3.0%

Shares of Finning International stock opened at C$88.90 on Friday. 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$89.85. The company has a market capitalization of C$11.68 billion, a P/E ratio of 17.53, a P/E/G ratio of 0.56 and a beta of 0.80. The company has a 50 day moving average of C$79.21 and a 200 day moving average of C$69.89.

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.