Finning International (TSE:FTT) Given New C$124.00 Price Target at Royal Bank Of Canada

Finning International (TSE:FTT) had its price objective lowered by Royal Bank Of Canada from C$129.00 to C$124.00 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target points to a potential upside of 35.03% from the company’s current price.

A number of other brokerages have also recently issued reports on FTT. Canadian Imperial Bank of Commerce lowered their price objective on Finning International from C$122.00 to C$120.00 in a research note on Thursday, October 29th. National Bank Financial upped their price objective on shares of Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Scotiabank cut their target price on shares of Finning International from C$118.00 to C$114.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Stifel Nicolaus reduced their target price on shares of Finning International from C$126.00 to C$123.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Finning International presently has an average rating of “Buy” and a consensus price target of C$116.10.

Finning International Stock Performance

TSE:FTT traded up C$2.75 during trading hours on Wednesday, reaching C$91.83. The stock had a trading volume of 334,157 shares, compared to its average volume of 455,295. The stock has a market cap of C$11.95 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 0.56 and a beta of 0.23. The stock has a 50 day simple moving average of C$99.13 and a 200 day simple moving average of C$95.93. The company has a debt-to-equity ratio of 86.86, a quick ratio of 0.59 and a current ratio of 1.47. Finning International has a 12-month low of C$70.89 and a 12-month high of C$115.60.

Finning International (TSE:FTT) last issued its quarterly earnings results on Tuesday, November 10th. The company reported C$1.20 EPS for the quarter. The firm had revenue of C$3.04 billion for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%. On average, research analysts forecast that Finning International will post 4.24 EPS 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.