Finning International (TSE:FTT) Stock Gets Price Target Reduction from BMO Capital Markets

Finning International (TSE:FTT) had its price objective trimmed by BMO Capital Markets from C$122.00 to C$115.00 in a research report report published on Wednesday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on FTT. Canadian Imperial Bank of Commerce decreased their price target on shares of Finning International from C$122.00 to C$120.00 in a report on Thursday, October 29th. Scotiabank dropped their price objective on Finning International from C$118.00 to C$114.00 and set a “sector outperform” rating for the company in a research note on Wednesday. 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 report on Friday, August 7th. TD reduced their target price on Finning International from C$124.00 to C$123.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada decreased their target price on Finning International from C$129.00 to C$124.00 and set an “outperform” rating on the stock in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$116.10.

Finning International Stock Performance

TSE FTT opened at C$88.74 on Wednesday. Finning International has a 1 year low of C$70.89 and a 1 year high of C$115.60. The company has a debt-to-equity ratio of 89.02, a current ratio of 1.54 and a quick ratio of 0.59. The stock has a market capitalization of C$11.50 billion, a PE ratio of 21.18, a P/E/G ratio of 0.56 and a beta of 0.23. The company’s 50 day simple moving average is C$99.22 and its two-hundred day simple moving average is C$95.97.

Finning International (TSE:FTT) last announced its quarterly earnings results on Tuesday, November 10th. The company reported C$1.20 EPS for the quarter. The firm had revenue of C$3.04 billion during the quarter. Finning International had a net margin of 4.85% and a return on equity of 18.81%. Analysts predict that Finning International will post 4.24 earnings per share for the current fiscal 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.