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

Finning International (TSE:FTT) had its price objective raised by TD Securities from C$100.00 to C$104.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 16.62% from the stock’s previous close.

Several other equities research analysts have also recently commented on FTT. Royal Bank Of Canada boosted their target price on Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th. National Bank Financial increased their target price on shares of Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a report on Monday, December 15th. Scotiabank lifted their price target on shares of Finning International from C$71.00 to C$85.00 in a research note on Thursday, November 13th. Canadian Imperial Bank of Commerce increased their price objective on shares of Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Finally, BMO Capital Markets raised their price objective on Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$94.63.

Finning International Trading Up 0.4%

FTT opened at C$89.18 on Tuesday. The stock has a market capitalization of C$11.67 billion, a P/E ratio of 18.05, a P/E/G ratio of 0.56 and a beta of 0.80. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. Finning International has a 12 month low of C$34.59 and a 12 month high of C$90.84. The firm’s fifty day simple moving average is C$81.47 and its 200 day simple moving average is C$71.46.

Finning International (TSE:FTT) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$1.02 earnings per share (EPS) for the quarter. The firm 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%. As a group, research analysts anticipate 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.