Finning International (TSE:FTT) Given New C$114.00 Price Target at Scotiabank

Finning International (TSE:FTT) had its target price lowered by research analysts at Scotiabank from C$118.00 to C$114.00 in a research report issued on Wednesday, BayStreet reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank‘s target price suggests a potential upside of 24.14% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. Stifel Nicolaus reduced their price objective on shares of Finning International from C$126.00 to C$123.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets lifted their target price on shares of Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. National Bank Financial lifted their target price on shares of 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. Royal Bank Of Canada set a C$129.00 target price on shares of Finning International and gave the company an “outperform” rating in a report on Tuesday, November 3rd. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of Finning International from C$122.00 to C$120.00 in a research report on Thursday, October 29th. Nine investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$116.10.

Finning International Trading Up 3.1%

Shares of FTT traded up C$2.75 during mid-day trading on Wednesday, reaching C$91.83. 334,157 shares of the company were exchanged, compared to its average volume of 455,295. Finning International has a 52 week low of C$70.89 and a 52 week high of C$115.60. The company has a debt-to-equity ratio of 86.86, a quick ratio of 0.59 and a current ratio of 1.47. The stock has a market capitalization of C$11.95 billion, a PE ratio of 21.92, a PEG ratio of 0.56 and a beta of 0.23. The business has a 50 day simple moving average of C$99.13 and a two-hundred day simple moving average of C$95.93.

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