Stifel Nicolaus Reiterates “C$127.00” Price Target for Finning International (TSE:FTT)

Finning International (TSE:FTT) received a C$127.00 target price from Stifel Nicolaus in a research note issued on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 17.33% from the company’s previous close.

FTT has been the topic of a number of other research reports. Royal Bank Of Canada dropped their price objective on Finning International from C$130.00 to C$129.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. TD boosted their target price on shares of Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. National Bank Financial increased their price target on shares of Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Scotiabank raised their price target on shares of Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 7th. Finally, BMO Capital Markets lifted their price objective on shares of Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$117.80.

Finning International Stock Performance

Shares of TSE FTT opened at C$108.24 on Wednesday. The business’s 50-day moving average price is C$95.72 and its two-hundred day moving average price is C$96.38. The company has a debt-to-equity ratio of 86.86, a current ratio of 1.47 and a quick ratio of 0.59. Finning International has a one year low of C$63.45 and a one year high of C$109.58. The company has a market capitalization of C$14.08 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 0.56 and a beta of 0.78.

Finning International (TSE:FTT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%.The company had revenue of C$3.13 billion during the quarter. Analysts anticipate that Finning International will post 4.244898 earnings per share for the current fiscal year.

About Finning International

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.