BMO Capital Markets Forecasts Strong Price Appreciation for Finning International (TSE:FTT) Stock

Finning International (TSE:FTT) had its price objective boosted by investment analysts at BMO Capital Markets from C$45.00 to C$50.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 17.51% from the stock’s previous close.

A number of other brokerages also recently issued reports on FTT. Canaccord Genuity Group reduced their price target on Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Raymond James reduced their target price on Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. CIBC lowered their price target on Finning International from C$50.00 to C$49.00 in a report on Monday. Royal Bank of Canada dropped their price objective on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price target on shares of Finning International from C$51.00 to C$55.00 in a report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$49.33.

Finning International Price Performance

Shares of FTT stock opened at C$42.55 on Friday. The company has a market cap of C$5.93 billion, a P/E ratio of 12.12, a PEG ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. The stock’s 50-day moving average is C$37.97 and its 200 day moving average is C$39.43. Finning International has a 1-year low of C$34.28 and a 1-year high of C$45.17.

Finning International (TSE:FTT) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.10). Finning International had a return on equity of 20.14% and a net margin of 4.65%. During the same quarter in the previous year, the company posted $1.07 earnings per share. Research analysts predict that Finning International will post 4.244898 earnings per share for the current fiscal year.

Insider Activity at Finning International

In other news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of C$42.10, for a total transaction of C$126,300.00. 0.10% 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.