Finning International (TSE:FTT) Price Target Raised to C$50.00

Finning International (TSE:FTT) had its price target hoisted by BMO Capital Markets from C$45.00 to C$50.00 in a research report report published on Friday morning,BayStreet.CA reports.

FTT has been the subject of a number of other research reports. CIBC dropped their price target on Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. Raymond James dropped their target price on shares of Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. Canaccord Genuity Group upped their price target on shares of Finning International from C$51.00 to C$55.00 in a report on Friday. Royal Bank of Canada decreased their price objective on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group cut their target price on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$49.33.

Finning International Trading Up 0.1 %

FTT stock opened at C$42.61 on Friday. Finning International has a 52 week low of C$34.28 and a 52 week high of C$45.17. The company’s 50-day simple moving average is C$38.07 and its 200 day simple moving average is C$39.44. The company has a market capitalization of C$5.94 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55.

Finning International (TSE:FTT) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.93 earnings per share (EPS) 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 period last year, the company posted $1.07 EPS. As a group, sell-side analysts anticipate that Finning International will post 4.244898 earnings per share for the current year.

Insider Buying and Selling

In other Finning International news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the firm’s stock in a transaction that occurred 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. 0.10% of the stock is owned by corporate insiders.

Finning International Company Profile

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.