Finning International (TSE:FTT) Given New C$105.00 Price Target at Scotiabank

Finning International (TSE:FTT) had its price objective increased by Scotiabank from C$92.00 to C$105.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on FTT. Canadian Imperial Bank of Commerce upped their target price on Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. National Bank Financial boosted their price objective on 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. Raymond James Financial increased their target price on Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. Canaccord Genuity Group lifted their target price on Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, TD Securities boosted their target price on shares of Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$94.63.

Finning International Price Performance

Finning International stock opened at C$88.81 on Tuesday. Finning International has a 12-month low of C$34.59 and a 12-month high of C$90.84. 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 firm has a 50-day moving average price of C$81.20 and a 200-day moving average price of C$71.34. The firm has a market capitalization of C$11.62 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. The company had revenue of C$2.77 billion for the quarter. Finning International had a net margin of 4.54% and a return on equity of 19.69%. As a group, equities research analysts forecast 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.