Finning International (TSE:FTT) Price Target Raised to C$55.00

Finning International (TSE:FTT) had its price target increased by Canaccord Genuity Group from C$51.00 to C$55.00 in a report released on Friday morning,BayStreet.CA reports.

Several other research firms also recently issued reports on FTT. BMO Capital Markets cut their price objective on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Canaccord Genuity Group dropped their target price on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. CIBC reduced their price target on shares of Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. Royal Bank of Canada lowered their price objective on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Finally, Raymond James cut their target price on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$49.33.

Finning International Trading Up 0.1 %

Shares of TSE:FTT opened at C$42.61 on Friday. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. The stock has a market capitalization 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 1-year low of C$34.28 and a 1-year high of C$45.17. The company has a 50 day moving average price of C$38.07 and a 200 day moving average price of C$39.44.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate 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 business earned $1.07 EPS. On average, research analysts anticipate that Finning International will post 4.244898 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of C$42.10, for a total transaction of C$126,300.00. Insiders own 0.10% of the company’s stock.

Finning International Company Profile

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.