Finning International (TSE:FTT) Stock Price Expected to Rise, Scotiabank Analyst Says

Finning International (TSE:FTT) had its price objective upped by stock analysts at Scotiabank from C$92.00 to C$105.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 17.74% from the stock’s current price.

FTT has been the topic of a number of other reports. TD Securities lifted their price target on Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets lifted their target price on shares of Finning International from C$76.00 to C$85.00 in a research report on Thursday, November 13th. Canaccord Genuity Group boosted their target price 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. Royal Bank Of Canada raised their price target on shares of Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Finning International currently has an average rating of “Moderate Buy” and a consensus price target of C$94.63.

Finning International Stock Performance

TSE FTT opened at C$89.18 on Tuesday. The firm’s fifty day moving average price is C$81.47 and its two-hundred day moving average price is C$71.46. The stock has a market cap of C$11.67 billion, a PE ratio of 18.05, a PEG ratio of 0.56 and a beta of 0.80. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. 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 quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. The company had revenue of C$2.77 billion for the quarter. Finning International had a return on equity of 19.69% and a net margin of 4.54%. On average, equities analysts expect that Finning International will post 4.244898 EPS for the current fiscal 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.