National Bankshares Forecasts Strong Price Appreciation for Finning International (TSE:FTT) Stock

Finning International (TSE:FTT) had its price objective hoisted by equities research analysts at National Bankshares from C$66.00 to C$72.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential downside of 4.17% from the stock’s previous close.

A number of other analysts have also recently commented on FTT. CIBC upped their price target on Finning International from C$77.00 to C$84.00 in a research note on Thursday, November 13th. TD Securities boosted their price objective on shares of Finning International from C$81.00 to C$88.00 in a report on Thursday, November 13th. Scotiabank upped their target price on shares of Finning International from C$71.00 to C$85.00 in a research note on Thursday, November 13th. Raymond James Financial increased their target price on shares of Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. Finally, BMO Capital Markets boosted their price target on shares of Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$78.25.

Finning International Trading Up 0.5%

TSE FTT opened at C$75.13 on Monday. Finning International has a 12 month low of C$34.59 and a 12 month high of C$79.68. The stock has a 50-day simple moving average of C$72.85 and a 200 day simple moving average of C$63.67. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. The company has a market capitalization of C$9.87 billion, a PE ratio of 14.82, a P/E/G ratio of 0.56 and a beta of 0.78.

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.