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

Finning International (TSE:FTT) had its price objective raised by investment analysts at TD from C$106.00 to C$115.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective suggests a potential upside of 18.47% from the stock’s current price.

FTT has been the topic of several other reports. Raymond James Financial upped their price target on shares of Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. BMO Capital Markets upped their price target on shares of Finning International from C$96.00 to C$115.00 in a research report on Thursday, May 14th. Royal Bank Of Canada upped their price target on shares of Finning International from C$104.00 to C$130.00 in a research report on Friday. 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 report on Thursday, May 14th. Finally, National Bank Financial raised shares of Finning International from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$89.00 to C$115.00 in a research report on Thursday, May 14th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, Finning International has a consensus rating of “Buy” and a consensus target price of C$114.22.

Finning International Stock Performance

TSE FTT traded down C$5.17 on Tuesday, hitting C$97.07. 393,490 shares of the stock were exchanged, compared to its average volume of 426,275. The company has a debt-to-equity ratio of 88.08, a current ratio of 1.61 and a quick ratio of 0.59. The business’s fifty day moving average is C$92.33 and its 200 day moving average is C$84.52. Finning International has a 52 week low of C$47.38 and a 52 week high of C$106.15. The company has a market capitalization of C$12.67 billion, a PE ratio of 19.07, a P/E/G ratio of 0.56 and a beta of 0.70.

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

Insider Buying and Selling at Finning International

In other news, insider Gary Samuel Megarrell sold 300 shares of the stock in a transaction dated 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 transaction, the insider directly owned 2,511 shares of the company’s stock, valued at C$258,633. This represents a 10.67% decrease in their ownership of the stock. Insiders have sold 694 shares of company stock valued at $71,496 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

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.