Royal Bank Of Canada Raises Finning International (TSE:FTT) Price Target to C$104.00

Finning International (TSE:FTT) had its price objective raised by Royal Bank Of Canada from C$89.00 to C$104.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price would indicate a potential upside of 16.16% from the company’s previous close.

A number of other research firms have also recently issued reports on FTT. Canadian Imperial Bank of Commerce boosted their price objective on Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. Scotiabank boosted their price target on shares of Finning International from C$71.00 to C$85.00 in a report on Thursday, November 13th. Canaccord Genuity Group raised their price objective on shares of Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Raymond James Financial lifted their target price on shares of Finning International from C$68.00 to C$85.00 in a research report on Thursday, November 13th. Finally, BMO Capital Markets raised their price target on shares of Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$91.63.

Finning International Price Performance

Shares of Finning International stock opened at C$89.53 on Thursday. 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 cap of C$11.71 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. The firm has a fifty day moving average price of C$80.71 and a two-hundred day moving average price of C$70.79. Finning International has a fifty-two week low of C$34.59 and a fifty-two week high of C$90.84.

Finning International (TSE:FTT) last released its earnings results on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. Finning International had a net margin of 4.54% and a return on equity of 19.69%. The business had revenue of C$2.77 billion during the quarter. Analysts expect that Finning International will post 4.244898 EPS for the current year.

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.