Royal Bank Of Canada Issues Positive Forecast for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its price objective boosted by analysts at Royal Bank Of Canada from C$89.00 to C$104.00 in a research note issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price target would indicate a potential upside of 17.81% from the stock’s current price.

Several other research firms have also recently weighed in on FTT. BMO Capital Markets increased their price target on Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Canaccord Genuity Group increased their target price on Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Monday. CIBC World Markets boosted their price target on Finning International from C$84.00 to C$102.00 in a research note on Saturday, February 7th. National Bank Financial increased their price objective on shares of Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a research note on Monday, December 15th. Finally, TD Securities boosted their target price on shares of Finning International from C$88.00 to C$100.00 in a research report on Wednesday, February 4th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Finning International has an average rating of “Moderate Buy” and a consensus target price of C$92.78.

Finning International Stock Performance

TSE:FTT traded up C$0.47 during mid-day trading on Thursday, reaching C$88.28. The company’s stock had a trading volume of 344,213 shares, compared to its average volume of 415,921. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. The stock has a market cap of C$11.59 billion, a P/E ratio of 17.41, a PEG ratio of 0.56 and a beta of 0.80. The firm’s fifty day moving average price is C$80.14 and its two-hundred day moving average price is C$70.48. Finning International has a 12-month low of C$34.59 and a 12-month high of C$90.84.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. The firm had revenue of C$2.77 billion during the quarter. Finning International had a net margin of 4.54% and a return on equity of 19.69%. On average, equities analysts forecast that Finning International will post 4.244898 EPS for the current fiscal year.

Finning International Company Profile

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.