TD Securities Forecasts Strong Price Appreciation for Finning International (TSE:FTT) Stock

Finning International (TSE:FTT) had its target price lifted by TD Securities from C$88.00 to C$100.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 15.83% from the company’s previous close.

Several other research firms have also recently weighed in on FTT. Scotiabank increased their price objective on shares of Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. Raymond James Financial increased their price target on Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. National Bankshares boosted their price objective 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. BMO Capital Markets raised their target price on Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Finally, CIBC boosted their price target on Finning International from C$77.00 to C$84.00 in a research note on Thursday, November 13th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Finning International currently has a consensus rating of “Moderate Buy” and a consensus target price of C$79.75.

Finning International Price Performance

Shares of FTT opened at C$86.33 on Wednesday. The business has a 50-day moving average of C$78.92 and a 200-day moving average of C$69.65. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The company has a market capitalization of C$11.34 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. Finning International has a 1 year low of C$34.59 and a 1 year high of C$89.85.

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.