BMO Capital Markets Raises Finning International (TSE:FTT) Price Target to C$50.00

Finning International (TSE:FTT) had its target price lifted by BMO Capital Markets from C$45.00 to C$50.00 in a research report released on Friday morning,BayStreet.CA reports.

Several other equities analysts also recently issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of Finning International from C$51.00 to C$55.00 in a research note on Friday. Raymond James reduced their price target on Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. CIBC lowered their price objective on Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. Royal Bank of Canada dropped their target price on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group decreased their price target on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$49.33.

Finning International Stock Performance

Finning International stock opened at C$42.61 on Friday. Finning International has a fifty-two week low of C$34.28 and a fifty-two week high of C$45.17. The company has a market capitalization of C$5.94 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.56 and a beta of 1.55. The stock has a fifty day moving average of C$38.07 and a two-hundred day moving average of C$39.44. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.93 EPS for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.10). Finning International had a return on equity of 20.14% and a net margin of 4.65%. During the same period in the previous year, the firm posted $1.07 EPS. On average, analysts anticipate that Finning International will post 4.244898 EPS for the current fiscal year.

Insider Transactions at Finning International

In related news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of Finning International stock in a transaction on Thursday, February 6th. The shares were sold at an average price of C$42.10, for a total transaction of C$126,300.00. Company insiders own 0.10% of the company’s stock.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.