Scotiabank Boosts Finning International (TSE:FTT) Price Target to C$105.00

Finning International (TSE:FTT) had its price objective increased by analysts at Scotiabank from C$92.00 to C$105.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 16.86% from the company’s current price.

Other research analysts have also recently issued research reports about the company. National Bank Financial raised their target price on Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Monday, December 15th. Canadian Imperial Bank of Commerce raised their price objective on shares of Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. BMO Capital Markets lifted their price objective on shares of Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Royal Bank Of Canada upped their target price on Finning International from C$89.00 to C$104.00 in a report on Thursday, February 12th. Finally, TD Securities lifted their price target on Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a research note on Tuesday. Six equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of C$94.63.

Finning International Stock Performance

FTT stock traded up C$0.32 on Tuesday, reaching C$89.85. The company’s stock had a trading volume of 199,892 shares, compared to its average volume of 427,783. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. Finning International has a 52 week low of C$34.59 and a 52 week high of C$90.84. The firm has a fifty day moving average of C$80.95 and a two-hundred day moving average of C$71.14. The company has a market capitalization of C$11.75 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80.

Finning International (TSE:FTT) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$1.02 EPS for the quarter. The company had revenue of C$2.77 billion for the quarter. Finning International had a return on equity of 19.69% and a net margin of 4.54%. As a group, analysts predict that Finning International will post 4.244898 EPS for the current fiscal year.

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.