Finning International (TSE:FTT) Price Target Raised to C$50.00

Finning International (TSE:FTT) had its target price increased by BMO Capital Markets from C$45.00 to C$50.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other equities research analysts have also recently commented on FTT. Raymond James cut their target price on Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Canaccord Genuity Group cut their price objective on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. CIBC decreased their target price on shares of Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. Canaccord Genuity Group boosted their price target on shares of Finning International from C$51.00 to C$55.00 in a research report on Friday. Finally, Royal Bank of Canada reduced their price objective on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$49.33.

Finning International Trading Up 0.1 %

Shares of TSE:FTT opened at C$42.61 on Friday. The firm has a market cap of C$5.94 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.56 and a beta of 1.55. Finning International has a 12 month low of C$34.28 and a 12 month high of C$45.17. The company’s fifty day simple moving average is C$38.07 and its 200 day simple moving average is C$39.44. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71.

Finning International (TSE:FTT) last released its earnings results on Tuesday, November 12th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.10). Finning International had a return on equity of 20.14% and a net margin of 4.65%. During the same period in the prior year, the firm posted $1.07 EPS. As a group, research analysts forecast that Finning International will post 4.244898 EPS for the current fiscal year.

Insider Activity

In other Finning International news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of C$42.10, for a total value of C$126,300.00. 0.10% of the stock is owned by insiders.

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.