Finning International (TSE:FTT) Stock Price Target Lowered at TD

Finning International (TSE:FTT) had its price target dropped by equities researchers at TD from C$124.00 to C$123.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD‘s target price would indicate a potential upside of 33.94% from the company’s current price.

Several other equities research analysts have also weighed in on FTT. Scotiabank dropped their price target on Finning International from C$118.00 to C$114.00 and set a “sector outperform” rating on the stock in a research report on Wednesday. National Bank Financial increased their price objective on Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. 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. Royal Bank Of Canada lowered their price objective on Finning International from C$129.00 to C$124.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of Finning International from C$122.00 to C$120.00 in a report on Thursday, October 29th. Nine investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$116.10.

Finning International Stock Up 3.1%

Finning International stock traded up C$2.75 during trading hours on Wednesday, hitting C$91.83. 334,157 shares of the stock traded hands, compared to its average volume of 455,295. Finning International has a one year low of C$70.89 and a one year high of C$115.60. The firm’s 50-day moving average price is C$99.13 and its two-hundred day moving average price is C$95.93. The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86. The company has a market cap of C$11.95 billion, a PE ratio of 21.92, a PEG ratio of 0.56 and a beta of 0.23.

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