BMO Capital Markets Issues Positive Forecast for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its target price hoisted by investment analysts at BMO Capital Markets from C$76.00 to C$85.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 14.85% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Raymond James Financial boosted their price objective on Finning International from C$68.00 to C$85.00 in a research note on Thursday. Royal Bank Of Canada raised their price target on Finning International from C$61.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Scotiabank increased their target price on shares of Finning International from C$71.00 to C$85.00 in a research note on Thursday. TD Securities lifted their price target on shares of Finning International from C$81.00 to C$88.00 in a research note on Thursday. Finally, CIBC raised their price objective on shares of Finning International from C$77.00 to C$84.00 in a research note on Thursday. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$73.11.

Finning International Price Performance

FTT traded down C$3.84 during trading hours on Thursday, hitting C$74.01. The company’s stock had a trading volume of 534,303 shares, compared to its average volume of 492,857. Finning International has a 12 month low of C$34.59 and a 12 month high of C$79.68. 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 business’s 50-day moving average price is C$66.74 and its 200-day moving average price is C$58.74. The stock has a market cap of C$9.81 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 0.56 and a beta of 0.91.

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.