Finning International (TSE:FTT) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Finning International (TSE:FTT - Free Report) had its price objective boosted by BMO Capital Markets from C$45.00 to C$50.00 in a research report report published on Friday,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. Raymond James decreased their price target on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Canaccord Genuity Group boosted their target price on Finning International from C$51.00 to C$55.00 in a research report on Friday. CIBC decreased their price objective on Finning International from C$50.00 to C$49.00 in a report on Monday, February 3rd. Canaccord Genuity Group decreased their price objective on Finning International from C$53.00 to C$51.00 in a report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price target on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$49.33.

Finning International Stock Performance

Shares of Finning International stock traded up C$0.06 during trading hours on Friday, reaching C$42.61. 592,034 shares of the stock traded hands, compared to its average volume of 472,853. The company has a 50 day moving average price of C$38.07 and a 200 day moving average price of C$39.44. Finning International has a one year low of C$34.28 and a one year high of C$45.17. The firm has a market capitalization of C$5.94 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71.

Finning International (TSE:FTT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.93 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 period in the previous year, the firm earned $1.07 earnings per share. On average, equities research analysts expect that Finning International will post 4.244898 earnings per share for the current fiscal year.

Insider Transactions at Finning International

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

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.