Finning International (TSE:FTT) Price Target Raised to C$84.00

Finning International (TSE:FTT) had its price objective upped by CIBC from C$77.00 to C$84.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. TD Securities lifted their target price on Finning International from C$81.00 to C$88.00 in a report on Thursday. Raymond James Financial increased their price target on Finning International from C$68.00 to C$85.00 in a research report on Thursday. Scotiabank boosted their price objective on Finning International from C$71.00 to C$85.00 in a report on Thursday. BMO Capital Markets upped their price objective on shares of Finning International from C$57.00 to C$66.00 in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada lifted their target price on shares of 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. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Finning International has an average rating of “Moderate Buy” and an average target price of C$75.88.

Finning International Trading Up 0.1%

Shares of TSE:FTT opened at C$74.01 on Thursday. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The stock has a market capitalization of C$9.96 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.56 and a beta of 0.91. Finning International has a 1-year low of C$34.59 and a 1-year high of C$79.68. The company has a 50 day moving average price of C$67.37 and a 200 day moving average price of C$59.22.

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.