Royal Bank Of Canada Has Lowered Expectations for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its price objective decreased by research analysts at Royal Bank Of Canada from C$129.00 to C$124.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target points to a potential upside of 35.03% from the company’s current price.

A number of other equities analysts also recently weighed in on FTT. National Bank Financial boosted their target price on Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Stifel Nicolaus decreased their price target on Finning International from C$126.00 to C$123.00 and set a “buy” rating for the company in a research report on Wednesday. Canadian Imperial Bank of Commerce dropped their price target on Finning International from C$122.00 to C$120.00 in a report on Thursday, October 29th. BMO Capital Markets lifted their price target on Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, Scotiabank cut their price objective on Finning International from C$118.00 to C$114.00 and set a “sector outperform” rating on the stock in a research report on Wednesday. Nine 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 target price of C$116.10.

Finning International Stock Up 3.1%

Shares of FTT traded up C$2.75 during trading hours on Wednesday, reaching C$91.83. 334,157 shares of the stock traded hands, compared to its average volume of 455,295. The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86. The stock has a fifty day simple moving average of C$99.13 and a 200 day simple moving average of C$95.93. Finning International has a 52 week low of C$70.89 and a 52 week high of C$115.60. The company has a market cap of C$11.95 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 0.56 and a beta of 0.23.

Finning International (TSE:FTT) last issued its quarterly earnings data on Tuesday, November 10th. The company reported C$1.20 earnings per share (EPS) for the quarter. The business had revenue of C$3.04 billion during the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. On average, equities analysts forecast that Finning International will post 4.24 EPS for the current year.

Finning International Company Profile

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.