Finning International (TSE:FTT) Price Target Raised to C$81.00 at TD Securities

Key Points

• TD Securities has raised its price target for Finning International from C$69.00 to C$81.00, indicating a potential upside of 16.95% from the current stock price.
• A number of analysts, including Raymond James and Royal Bank of Canada, have also increased their price targets, with a consensus rating of "Moderate Buy" for the stock.
• Finning International's stock reached C$69.26 in trading, with a market capitalization of C$9.18 billion and showing a twelve-month high of C$70.50.

Finning International (TSE:FTT - Get Free Report) had its price target raised by equities research analysts at TD Securities from C$69.00 to C$81.00 in a note issued to investors on Friday,BayStreet.CA reports. TD Securities' price objective would suggest a potential upside of 16.95% from the stock's current price.

A number of other analysts also recently issued reports on the company. Raymond James Financial lifted their price target on Finning International from C$56.00 to C$68.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Scotiabank lowered their price target on Finning International from C$65.00 to C$64.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Royal Bank Of Canada lifted their target price on shares of Finning International from C$61.00 to C$67.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, BMO Capital Markets upped their price objective on Finning International from C$57.00 to C$66.00 in a report on Tuesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$62.89.

Finning International Trading Down 0.6%

TSE:FTT traded down C$0.41 during trading hours on Friday, reaching C$69.26. 603,338 shares of the stock were exchanged, compared to its average volume of 488,425. The business has a 50-day moving average of C$60.74 and a two-hundred day moving average of C$53.90. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. Finning International has a twelve month low of C$34.59 and a twelve month high of C$70.50. The company has a market capitalization of C$9.18 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.56 and a beta of 1.05.

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.

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