Finning International (TSE:FTT) Given a C$127.00 Price Target by Stifel Nicolaus Analysts

Key Points

• Stifel Nicolaus set a C$127.00 price target on Finning International and maintained a “buy” rating, implying approximately 17.33% upside from the reported price.
• Analyst sentiment remains positive: all ten analysts tracked by MarketBeat rate the stock a Buy, with a consensus price target of C$117.80.
• Finning reported quarterly EPS of C$1.22 on C$3.13 billion in revenue, alongside a 4.93% net margin and 19.22% return on equity.

Finning International (TSE:FTT - Get Free Report) received a C$127.00 price target from investment analysts at Stifel Nicolaus in a report released on Wednesday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 17.33% from the company's current price.

FTT has been the subject of a number of other research reports. National Bank Financial raised their price objective on shares of Finning International from C$115.00 to C$118.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Scotiabank raised their target price on Finning International from C$114.00 to C$118.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 7th. TD lifted their price target on Finning International from C$115.00 to C$120.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. Royal Bank Of Canada reduced their price objective on Finning International from C$130.00 to C$129.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. Finally, BMO Capital Markets increased their price objective on Finning International from C$118.00 to C$122.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$117.80.

Finning International Price Performance

FTT stock opened at C$108.24 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86. Finning International has a one year low of C$63.45 and a one year high of C$109.58. The firm has a market capitalization of C$14.08 billion, a PE ratio of 25.83, a P/E/G ratio of 0.56 and a beta of 0.78. The firm has a 50-day moving average of C$95.72 and a two-hundred day moving average of C$96.38.

Finning International (TSE:FTT - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported C$1.22 EPS for the quarter. The company had revenue of C$3.13 billion during the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. On average, analysts forecast that Finning International will post 4.244898 earnings per share 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.

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