Finning International (TSE:FTT) PT Raised to C$49.00

Finning International (TSE:FTT) had its price target boosted by analysts at Royal Bank of Canada from C$45.00 to C$49.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 12.93% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. TD Securities upped their price objective on shares of Finning International from C$41.00 to C$43.00 and gave the stock a “hold” rating in a research report on Wednesday. BMO Capital Markets boosted their target price on shares of Finning International from C$47.00 to C$48.00 in a research report on Wednesday. National Bankshares increased their price target on shares of Finning International from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, CIBC lowered their price objective on shares of Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$49.13.

Finning International Stock Up 1.0 %

FTT stock opened at C$43.39 on Wednesday. The business’s fifty day moving average price is C$39.95 and its two-hundred day moving average price is C$38.08. The stock has a market capitalization of C$6.25 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 0.56 and a beta of 1.63. Finning International has a fifty-two week low of C$33.77 and a fifty-two week high of C$46.30. The company has a debt-to-equity ratio of 106.56, a current ratio of 1.41 and a quick ratio of 0.59.

Finning International (TSE:FTT) last issued its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, topping the consensus estimate of C$0.94 by C$0.02. Finning International had a net margin of 4.97% and a return on equity of 20.88%. The business had revenue of C$2.40 billion during the quarter, compared to analysts’ expectations of C$2.54 billion. On average, equities analysts anticipate that Finning International will post 3.9857007 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. Insiders own 0.12% of the company’s stock.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.