Finning International (TSE:FTT) Price Target Raised to C$102.00

Finning International (TSE:FTT) had its price target lifted by equities researchers at CIBC World Markets from C$84.00 to C$102.00 in a research note issued to investors on Saturday,BayStreet.CA reports. CIBC World Markets’ price target suggests a potential upside of 14.74% from the stock’s previous close.

A number of other research analysts also recently weighed in on FTT. Canadian Imperial Bank of Commerce upped their price target on Finning International from C$84.00 to C$102.00 in a research note on Friday. Scotiabank upped their target price on Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. Raymond James Financial increased their target price on Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. BMO Capital Markets boosted their price target on shares of Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Finally, TD Securities raised their target price on Finning International from C$88.00 to C$100.00 in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$84.22.

Finning International Trading Up 3.0%

Shares of Finning International stock traded up C$2.57 on Friday, reaching C$88.90. 252,684 shares of the company’s stock were exchanged, compared to its average volume of 419,749. 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 52 week low of C$34.59 and a 52 week high of C$89.85. The firm’s 50-day moving average is C$79.21 and its two-hundred day moving average is C$69.84. The company has a market capitalization of C$11.68 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80.

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.