Finning International (TSE:FTT) Given New C$55.00 Price Target at Canaccord Genuity Group

Finning International (TSE:FTT) had its target price raised by Canaccord Genuity Group from C$51.00 to C$55.00 in a research note released on Friday,BayStreet.CA reports.

FTT has been the topic of a number of other reports. Canaccord Genuity Group dropped their price objective on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Royal Bank of Canada dropped their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Raymond James reduced their price target on Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. CIBC dropped their price objective on Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. Finally, BMO Capital Markets reduced their target price on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$49.33.

Finning International Price Performance

Shares of FTT stock opened at C$42.61 on Friday. Finning International has a twelve month low of C$34.28 and a twelve month high of C$45.17. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. The stock has a fifty day simple moving average of C$38.07 and a two-hundred day simple moving average of C$39.44. The stock has a market capitalization of C$5.94 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 0.56 and a beta of 1.55.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.93 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.10). Finning International had a return on equity of 20.14% and a net margin of 4.65%. During the same quarter in the previous year, the business earned $1.07 earnings per share. On average, analysts predict that Finning International will post 4.244898 EPS for the current fiscal year.

Insider Transactions at Finning International

In other Finning International news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of C$42.10, for a total value of C$126,300.00. Insiders own 0.10% of the company’s stock.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.