Finning International (TSE:FTT) Stock Gets Price Target Reduction from TD

Finning International (TSE:FTT) had its target price reduced by TD from C$124.00 to C$123.00 in a report published on Wednesday morning,BayStreet reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on FTT. National Bank Financial upped their price target on 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. Canadian Imperial Bank of Commerce reduced their price objective on Finning International from C$122.00 to C$120.00 in a research note on Thursday, October 29th. Royal Bank Of Canada decreased their price objective on Finning International from C$129.00 to C$124.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Nicolaus decreased their price objective on Finning International from C$126.00 to C$123.00 and set a “buy” rating for the company in a report on Wednesday. Finally, BMO Capital Markets upped their target price on Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Nine analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$116.10.

Finning International Price Performance

Shares of TSE FTT opened at C$88.74 on Wednesday. The firm’s 50-day moving average price is C$99.22 and its 200-day moving average price is C$95.97. Finning International has a 1-year low of C$70.89 and a 1-year high of C$115.60. The firm has a market capitalization of C$11.50 billion, a P/E ratio of 21.18, a P/E/G ratio of 0.56 and a beta of 0.23. The company has a current ratio of 1.54, a quick ratio of 0.59 and a debt-to-equity ratio of 89.02.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, November 10th. The company reported C$1.20 earnings per share (EPS) for the quarter. The company had revenue of C$3.04 billion for the quarter. Finning International had a net margin of 4.85% and a return on equity of 18.81%. Equities research analysts anticipate 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.