BMO Capital Markets Raises Finning International (TSE:FTT) Price Target to C$48.00

Finning International (TSE:FTT) had its target price upped by BMO Capital Markets from C$47.00 to C$48.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 12.36% from the company’s previous close.

FTT has been the topic of a number of other research reports. National Bankshares raised shares of Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 target price on the stock in a report on Thursday, February 8th. TD Securities increased their price objective on Finning International from C$40.00 to C$41.00 and gave the stock a “hold” rating in a report on Monday, February 12th. Scotiabank raised their target price on Finning International from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Royal Bank of Canada decreased their price target on Finning International from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Finally, National Bank Financial raised shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Finning International has a consensus rating of “Moderate Buy” and an average price target of C$49.13.

Finning International Stock Performance

FTT traded up C$0.49 during trading hours on Wednesday, hitting C$42.72. The stock had a trading volume of 173,931 shares, compared to its average volume of 363,816. The stock has a market cap of C$6.15 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. Finning International has a 1 year low of C$33.77 and a 1 year high of C$46.30. The company has a quick ratio of 0.59, a current ratio of 1.41 and a debt-to-equity ratio of 106.56. The company’s fifty day simple moving average is C$39.63 and its 200 day simple moving average is C$38.01.

Finning International (TSE:FTT) last posted its earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, topping the consensus estimate of C$0.94 by C$0.02. The firm had revenue of C$2.40 billion during the quarter, compared to the consensus estimate of C$2.54 billion. Finning International had a net margin of 4.97% and a return on equity of 20.88%. Equities analysts anticipate that Finning International will post 3.9857007 earnings per share for the current year.

Insider Buying and Selling

In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. In other Finning International news, Senior Officer Kevin Parkes acquired 3,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was purchased at an average cost of C$36.14 per share, for a total transaction of C$108,420.00. Also, Senior Officer David Francis Neil Primrose sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. 0.12% of the stock is owned by company insiders.

About Finning International

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.