Finning International (TSE:FTT) Price Target Raised to C$115.00

Finning International (TSE:FTT) had its price target boosted by analysts at TD from C$106.00 to C$115.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 18.47% from the company’s previous close.

Several other equities analysts also recently commented on the stock. TD Securities upped their price target on shares of Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce upped their price target on shares of Finning International from C$100.00 to C$120.00 in a research note on Thursday, May 14th. Raymond James Financial increased their price objective on shares of Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Royal Bank Of Canada increased their price objective on shares of Finning International from C$104.00 to C$130.00 in a research note on Friday. Finally, Canaccord Genuity Group increased their price objective on shares of Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$114.22.

Finning International Stock Performance

Shares of FTT stock traded down C$5.17 on Tuesday, hitting C$97.07. The company’s stock had a trading volume of 393,490 shares, compared to its average volume of 426,275. The company has a debt-to-equity ratio of 88.08, a quick ratio of 0.59 and a current ratio of 1.61. The stock’s 50 day moving average is C$92.33 and its 200-day moving average is C$84.52. Finning International has a fifty-two week low of C$47.38 and a fifty-two week high of C$106.15. The company has a market capitalization of C$12.67 billion, a PE ratio of 19.07, a PEG ratio of 0.56 and a beta of 0.70.

Finning International (TSE:FTT) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. Finning International had a net margin of 6.34% and a return on equity of 24.23%. The business had revenue of C$2.50 billion for the quarter. Equities research analysts expect that Finning International will post 4.244898 earnings per share for the current fiscal year.

Insider Buying and Selling at Finning International

In other news, insider Gary Samuel Megarrell sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$103.00, for a total value of C$30,900.00. Following the sale, the insider directly owned 2,511 shares in the company, valued at approximately C$258,633. This trade represents a 10.67% decrease in their position. In the last 90 days, insiders have sold 694 shares of company stock valued at $71,496. Company insiders own 0.10% of the company’s stock.

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.