Finning International (TSE:FTT) Stock Gets Price Target Trim from Stifel Nicolaus

Finning International (TSE:FTT) had its price target decreased by Stifel Nicolaus from C$126.00 to C$123.00 in a report issued on Wednesday,BayStreet reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research analysts have also commented on the stock. BMO Capital Markets raised their price target 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. National Bank Financial lifted 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. Royal Bank Of Canada set a C$129.00 target price on shares of Finning International and gave the company an “outperform” rating in a research note on Tuesday, November 3rd. Finally, 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. Nine research analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$116.10.

Finning International Price Performance

Shares of TSE:FTT opened at C$88.74 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.54 and a debt-to-equity ratio of 89.02. The company has a market cap 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 business has a fifty day simple moving average of C$99.22 and a 200-day simple moving average of C$95.97. Finning International has a 52 week low of C$70.89 and a 52 week high of C$115.60.

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