Finning International (TSE:FTT) Price Target Raised to C$100.00

Finning International (TSE:FTT) had its price target lifted by TD Securities from C$88.00 to C$100.00 in a research note published on Wednesday,BayStreet.CA reports.

A number of other brokerages have also issued reports on FTT. Raymond James Financial upped their target price on Finning International from C$68.00 to C$85.00 in a research report on Thursday, November 13th. Canadian Imperial Bank of Commerce upped their price target on shares of Finning International from C$77.00 to C$84.00 in a report on Thursday, November 13th. BMO Capital Markets raised their price objective on shares of Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Scotiabank boosted their target price on shares of Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. Finally, National Bankshares upped their target price on shares of Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$82.00.

Finning International Price Performance

Shares of FTT stock opened at C$88.90 on Wednesday. The firm has a fifty day simple moving average of C$79.21 and a 200-day simple moving average of C$69.84. The company has a market capitalization of C$11.68 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. Finning International has a twelve month low of C$34.59 and a twelve month high of C$89.85. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14.

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.