Royal Bank Of Canada Analysts Give Finning International (TSE:FTT) a C$129.00 Price Target

Royal Bank Of Canada set a C$129.00 price target on Finning International (TSE:FTT) in a research report sent to investors on Tuesday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on FTT. Stifel Nicolaus set a C$127.00 price target on shares of Finning International and gave the company a “buy” rating in a research report on Wednesday, September 30th. BMO Capital Markets boosted their price objective on shares of Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce lowered their target price on shares of Finning International from C$122.00 to C$120.00 in a research note on Thursday, October 29th. Scotiabank increased their target price on shares of Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 7th. Finally, National Bank Financial lifted their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$117.80.

Finning International Stock Down 4.8%

Shares of TSE:FTT opened at C$91.97 on Tuesday. The company has a debt-to-equity ratio of 86.86, a current ratio of 1.47 and a quick ratio of 0.59. The stock has a market cap of C$11.97 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 0.56 and a beta of 0.23. The company has a 50 day moving average of C$99.18 and a 200-day moving average of C$95.84. Finning International has a one year low of C$70.67 and a one year high of C$115.60.

Finning International (TSE:FTT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. The firm had revenue of C$3.13 billion for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. On average, sell-side analysts forecast that Finning International will post 4.24 earnings per share for the current 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.