Finning International (TSE:FTT) PT Raised to C$53.00

Finning International (TSE:FTT) had its target price hoisted by analysts at Scotiabank from C$52.00 to C$53.00 in a report issued on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 26.70% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets dropped their target price on Finning International from C$48.00 to C$47.00 in a research report on Wednesday, February 7th. TD Securities increased their price target on Finning International from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Monday, February 12th. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, February 7th. CIBC reduced their price target on Finning International from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Finally, National Bankshares upgraded Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 price objective for the company in a report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.63.

Finning International Stock Performance

Shares of FTT opened at C$41.83 on Tuesday. The company has a debt-to-equity ratio of 106.56, a quick ratio of 0.59 and a current ratio of 1.41. Finning International has a 1 year low of C$33.72 and a 1 year high of C$46.30. The stock has a market capitalization of C$6.02 billion, a PE ratio of 11.82, a PEG ratio of 0.56 and a beta of 1.63. The stock has a 50-day simple moving average of C$37.82 and a 200-day simple moving average of C$37.79.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, topping the consensus estimate of C$0.94 by C$0.02. Finning International had a return on equity of 20.88% and a net margin of 4.97%. The business had revenue of C$2.40 billion for the quarter, compared to analyst estimates of C$2.54 billion. On average, analysts predict that Finning International will post 3.9857007 earnings per share for the current fiscal year.

Insider Transactions at Finning International

In related news, Senior Officer Kevin Parkes acquired 3,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of C$36.14 per share, for a total transaction of C$108,420.00. In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of Finning International stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. Also, Senior Officer Kevin Parkes acquired 3,000 shares of Finning International stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of C$36.14 per share, with a total value of C$108,420.00. Corporate insiders own 0.12% of the company’s stock.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.