Finning International (TSE:FTT) Price Target Raised to C$115.00 at BMO Capital Markets

Finning International (TSE:FTT) had its target price boosted by analysts at BMO Capital Markets from C$96.00 to C$115.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 10.50% from the stock’s previous close.

FTT has been the topic of a number of other reports. Royal Bank Of Canada lifted their price objective on Finning International from C$89.00 to C$104.00 in a research report on Thursday, February 12th. Canaccord Genuity Group boosted their price target on Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, February 9th. TD boosted their price target on Finning International from C$104.00 to C$106.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Canadian Imperial Bank of Commerce boosted their price target on Finning International from C$84.00 to C$102.00 in a report on Friday, February 6th. Finally, Scotiabank boosted their price target on Finning International from C$105.00 to C$109.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Finning International presently has an average rating of “Buy” and an average target price of C$110.33.

Finning International Stock Performance

Shares of FTT stock traded down C$0.90 during trading hours on Thursday, reaching C$104.07. 411,049 shares of the company traded hands, compared to its average volume of 423,970. Finning International has a 12-month low of C$47.38 and a 12-month high of C$106.15. The company has a debt-to-equity ratio of 82.71, a current ratio of 1.67 and a quick ratio of 0.59. The company has a market cap of C$13.61 billion, a P/E ratio of 21.07, a P/E/G ratio of 0.56 and a beta of 0.70. The firm has a 50-day moving average price of C$91.68 and a 200 day moving average price of C$83.88.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 earnings per share for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%.The firm had revenue of C$2.50 billion for the quarter. As a group, sell-side analysts predict that Finning International will post 4.244898 earnings per share for the current fiscal year.

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.