Finning International (TSE:FTT) Stock Gets Price Target Reduction from Scotiabank

Finning International (TSE:FTT) had its price objective cut by Scotiabank from C$118.00 to C$114.00 in a report issued on Wednesday,BayStreet reports. They currently have a sector outperform rating on the stock. Scotiabank also issued estimates for Finning International’s FY2026 earnings at $4.70 EPS and FY2027 earnings at $5.18 EPS.

FTT has been the subject of several other reports. Stifel Nicolaus lowered their price objective on Finning International from C$126.00 to C$123.00 and set a “buy” rating for the company in a research report on Wednesday. National Bank Financial lifted their price objective on shares of Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada set a C$129.00 price target on Finning International and gave the company an “outperform” rating in a research report on Tuesday, November 3rd. BMO Capital Markets lifted 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. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of Finning International from C$122.00 to C$120.00 in a report on Thursday, October 29th. Nine investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Finning International presently has an average rating of “Buy” and a consensus target price of C$116.10.

Finning International Stock Performance

Finning International stock opened at C$88.74 on Wednesday. The business’s 50-day moving average price is C$99.22 and its two-hundred day moving average price is C$95.97. The stock has a market cap of C$11.50 billion, a PE ratio of 21.18, a P/E/G ratio of 0.56 and a beta of 0.23. Finning International has a 12-month low of C$70.89 and a 12-month high of C$115.60. The company has a quick ratio of 0.59, a current ratio of 1.54 and a debt-to-equity ratio of 89.02.

Finning International (TSE:FTT) last announced its quarterly earnings results on Tuesday, November 10th. The company reported C$1.20 earnings per share (EPS) for the quarter. Finning International had a net margin of 4.85% and a return on equity of 18.81%. The company had revenue of C$3.04 billion during the quarter. As a group, analysts expect that Finning International will post 4.24 earnings per share 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.