Finning International (TSE:FTT) Upgraded by National Bank Financial to Outperform Rating

Finning International (TSE:FTT) was upgraded by equities research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a C$115.00 price target on the stock, up from their previous price target of C$89.00. National Bank Financial’s price objective suggests a potential upside of 10.50% from the company’s previous close.

Several other research firms have also commented on FTT. Canadian Imperial Bank of Commerce upped their target price on Finning International from C$100.00 to C$120.00 in a report on Thursday. TD Securities upped their target price on Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. BMO Capital Markets upped their target price on Finning International from C$96.00 to C$115.00 in a report on Thursday. Scotiabank upped their target price on Finning International from C$105.00 to C$109.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. Finally, Canaccord Genuity Group upped their target price on Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$110.33.

Finning International Stock Down 0.9%

Finning International stock traded down C$0.90 during midday trading on Thursday, hitting C$104.07. The stock had a trading volume of 411,049 shares, compared to its average volume of 423,970. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 82.71. The stock has a market cap of C$13.61 billion, a P/E ratio of 21.07, a P/E/G ratio of 0.56 and a beta of 0.70. Finning International has a 12 month low of C$47.38 and a 12 month high of C$106.15. The business has a fifty day moving average price of C$91.68 and a 200 day moving average price of C$83.88.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 earnings per share for the quarter. The firm had revenue of C$2.50 billion during the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%. Research analysts predict that Finning International will post 4.244898 EPS for the current year.

Finning International Company Profile

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.