Finning International (TSE:FTT) PT Set at C$129.00 by Royal Bank Of Canada

Key Points

• Royal Bank of Canada assigned Finning International a C$129.00 price target and an “outperform” rating, implying approximately 32.19% upside from the previous close.
• Analyst sentiment remains positive: the stock has a consensus “Buy” rating and a C$117.80 average price target, with several firms recently raising their targets.
• Finning shares rose 5.5% to C$97.59 during Tuesday trading. The company recently reported C$1.22 in quarterly EPS on C$3.13 billion in revenue, while analysts expect C$4.24 EPS for the fiscal year.

Finning International (TSE:FTT - Get Free Report) has been assigned a C$129.00 target price by Royal Bank Of Canada in a report released on Tuesday, BayStreet reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 32.19% from the company's previous close.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Finning International from C$118.00 to C$122.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Scotiabank lifted their price target on shares of Finning International from C$114.00 to C$118.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Finning International from C$122.00 to C$120.00 in a research note on Thursday, October 29th. National Bank Financial upped 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 report on Friday, August 7th. Finally, Stifel Nicolaus set a C$127.00 target price on shares of Finning International and gave the company a "buy" rating in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$117.80.

Finning International Stock Up 5.5%

Shares of TSE:FTT traded up C$5.11 during trading on Tuesday, hitting C$97.59. The stock had a trading volume of 275,395 shares, compared to its average volume of 449,605. The company has a market capitalization of C$12.70 billion, a PE ratio of 23.29, a PEG ratio of 0.56 and a beta of 0.48. The company has a quick ratio of 0.59, a current ratio of 1.47 and a debt-to-equity ratio of 86.86. The firm's fifty day moving average is C$98.90 and its 200 day moving average is C$95.64. Finning International has a 12 month low of C$70.67 and a 12 month high of C$115.60.

Finning International (TSE:FTT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. The business had revenue of C$3.13 billion during the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%. Analysts anticipate that Finning International will post 4.24 EPS for the current fiscal year.

About Finning International

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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