Finning International (TSE:FTT) Given New C$102.00 Price Target at CIBC World Markets

Finning International (TSE:FTT) had its target price lifted by CIBC World Markets from C$84.00 to C$102.00 in a report issued on Saturday,BayStreet.CA reports. CIBC World Markets’ price target would suggest a potential upside of 14.74% from the company’s previous close.

Several other research analysts have also recently weighed in on FTT. Raymond James Financial increased their price target on shares of Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. Canadian Imperial Bank of Commerce increased their target price on Finning International from C$84.00 to C$102.00 in a research note on Friday. TD Securities boosted their price target on Finning International from C$88.00 to C$100.00 in a research note on Wednesday. National Bankshares upped their price objective on Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a report on Monday, December 15th. Finally, Scotiabank lifted their target price on Finning International from C$71.00 to C$85.00 in a report on Thursday, November 13th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Finning International has an average rating of “Moderate Buy” and an average target price of C$84.22.

Finning International Stock Performance

Shares of FTT traded up C$2.57 during trading hours on Friday, hitting C$88.90. The company had a trading volume of 252,684 shares, compared to its average volume of 419,749. The business has a fifty day moving average of C$79.21 and a 200-day moving average of C$69.84. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. The firm has a market cap of C$11.68 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.56 and a beta of 0.80. Finning International has a 12 month low of C$34.59 and a 12 month high of C$89.85.

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.