Finning International (TSE:FTT) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Finning International (TSE:FTT) had its price objective boosted by equities researchers at Canaccord Genuity Group from C$90.00 to C$100.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 10.72% from the company’s previous close.

FTT has been the subject of several other reports. BMO Capital Markets boosted their price objective on shares of Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Raymond James Financial boosted their price target on Finning International from C$68.00 to C$85.00 in a research report on Thursday, November 13th. Canadian Imperial Bank of Commerce increased their price target on Finning International from C$84.00 to C$102.00 in a research report on Friday. Scotiabank lifted their price objective on shares of Finning International from C$71.00 to C$85.00 in a research note on Thursday, November 13th. Finally, CIBC World Markets raised their price objective on Finning International from C$84.00 to C$102.00 in a research report on Saturday. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$88.67.

Finning International Stock Performance

FTT traded up C$1.42 during trading on Monday, reaching C$90.32. The company’s stock had a trading volume of 113,461 shares, compared to its average volume of 408,323. The company has a market capitalization of C$11.86 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. The company’s fifty day moving average price is C$79.21 and its 200-day moving average price is C$69.95. Finning International has a 52-week low of C$34.59 and a 52-week high of C$90.61. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65.

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.