Finning International (TSE:FTT) Given New C$85.00 Price Target at Scotiabank

Finning International (TSE:FTT) had its price objective hoisted by analysts at Scotiabank from C$71.00 to C$85.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 14.85% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Raymond James Financial upped their price target on shares of Finning International from C$56.00 to C$68.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. TD Securities lifted their price target on Finning International from C$81.00 to C$88.00 in a research report on Thursday. Royal Bank Of Canada increased their price objective on Finning International from C$61.00 to C$67.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. BMO Capital Markets raised their price target on Finning International from C$57.00 to C$66.00 in a research report on Tuesday, July 22nd. Finally, CIBC increased their price objective on Finning International from C$68.00 to C$77.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$73.11.

Finning International Stock Performance

TSE FTT traded down C$3.84 on Thursday, hitting C$74.01. 534,303 shares of the stock traded hands, compared to its average volume of 492,857. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The business’s fifty day moving average is C$66.74 and its two-hundred day moving average is C$58.74. Finning International has a 12 month low of C$34.59 and a 12 month high of C$79.68. The firm has a market capitalization of C$9.81 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.56 and a beta of 0.91.

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.