Finning International (TSE:FTT) Upgraded by National Bank Financial to Outperform Rating

Finning International (TSE:FTT) was upgraded by equities research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a C$115.00 target price on the stock, up from their prior target price of C$89.00. National Bank Financial’s target price would indicate a potential upside of 10.50% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Scotiabank raised their price objective on shares of Finning International from C$105.00 to C$109.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 28th. BMO Capital Markets raised their price objective on Finning International from C$96.00 to C$115.00 in a research note on Thursday. TD raised their price objective on Finning International from C$104.00 to C$106.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada raised their price objective on Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th. Finally, Canaccord Genuity Group raised their price objective on Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$110.33.

Finning International Price Performance

TSE FTT traded down C$0.90 on Thursday, reaching C$104.07. 411,049 shares of the stock traded hands, compared to its average volume of 423,970. The firm’s fifty day simple moving average is C$91.68 and its 200 day simple moving average is C$83.88. The company has a quick ratio of 0.59, a current ratio of 1.67 and a debt-to-equity ratio of 82.71. The company has a market cap of C$13.61 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 0.56 and a beta of 0.70. Finning International has a 12 month low of C$47.38 and a 12 month high of C$106.15.

Finning International (TSE:FTT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$1.02 earnings per share (EPS) for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%.The firm had revenue of C$2.50 billion during the quarter. As a group, research analysts predict 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.