Finning International (TSE:FTT) Given a C$129.00 Price Target by Royal Bank Of Canada Analysts

Finning International (TSE:FTT) has been assigned a C$129.00 target price by stock analysts at Royal Bank Of Canada in a research report issued on Tuesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target points to a potential upside of 32.19% from the stock’s current price.

Several other equities analysts also recently commented on the stock. National Bank Financial upped their price target on shares of Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Finning International from C$122.00 to C$120.00 in a research note on Thursday, October 29th. Scotiabank boosted their target price on Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 7th. Stifel Nicolaus set a C$127.00 price target on Finning International and gave the stock a “buy” rating in a report on Wednesday, September 30th. Finally, BMO Capital Markets upped their price objective on Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, Finning International presently has an average rating of “Buy” and a consensus price target of C$117.80.

Finning International Price Performance

Shares of FTT stock traded up C$5.11 during trading hours on Tuesday, hitting C$97.59. The stock had a trading volume of 275,395 shares, compared to its average volume of 449,605. Finning International has a one year low of C$70.67 and a one year high of C$115.60. The company has a debt-to-equity ratio of 86.86, a current ratio of 1.47 and a quick ratio of 0.59. The stock’s 50-day moving average price is C$98.90 and its two-hundred day moving average price is C$95.64. The stock has a market capitalization of C$12.70 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 0.56 and a beta of 0.48.

Finning International (TSE:FTT) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 EPS for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. The business had revenue of C$3.13 billion during the quarter. Equities analysts forecast that Finning International will post 4.24 EPS for the current year.

About Finning International

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.