Finning International (TSE:FTT) Price Target Raised to C$115.00 at BMO Capital Markets

Finning International (TSE:FTT) had its price target hoisted by stock analysts at BMO Capital Markets from C$96.00 to C$115.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 10.50% from the stock’s current price.

Several other research firms also recently commented on FTT. Canaccord Genuity Group lifted their price objective on Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Scotiabank lifted their price objective on Finning International from C$105.00 to C$109.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. TD Securities lifted their price objective on Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Royal Bank Of Canada lifted their price objective on Finning International from C$89.00 to C$104.00 in a report on Thursday, February 12th. Finally, TD lifted their price objective on Finning International from C$104.00 to C$106.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$110.33.

Finning International Stock Performance

TSE FTT traded down C$0.90 during trading hours on Thursday, hitting C$104.07. The company’s stock had a trading volume of 411,049 shares, compared to its average volume of 423,970. Finning International has a 12 month low of C$47.38 and a 12 month high of C$106.15. The company’s 50 day simple moving average is C$91.68 and its two-hundred day simple moving average is C$83.88. The company has a market cap of C$13.61 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 0.56 and a beta of 0.70. The company has a debt-to-equity ratio of 82.71, a current ratio of 1.67 and a quick ratio of 0.59.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%.The company had revenue of C$2.50 billion during the quarter. As a group, sell-side analysts expect that Finning International will post 4.244898 EPS for the current fiscal year.

Finning International Company Profile

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.