Finning International (TSE:FTT) Stock Rating Reaffirmed by Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Finning International (TSE:FTT) in a report published on Thursday, Stock Target Advisor reports. Royal Bank of Canada currently has a C$43.00 price target on the stock.

FTT has been the topic of several other research reports. TD Securities raised their price target on shares of Finning International from C$41.00 to C$43.00 and gave the company a buy rating in a research note on Thursday, August 5th. National Bankshares set a C$44.00 price objective on shares of Finning International and gave the company an outperform rating in a research note on Monday, June 14th. BMO Capital Markets raised their price objective on shares of Finning International from C$35.00 to C$36.00 and gave the company a market perform rating in a research note on Thursday, August 5th. Canaccord Genuity raised their price objective on shares of Finning International from C$37.00 to C$42.00 and gave the company a na rating in a research note on Tuesday, June 15th. Finally, Raymond James reiterated an outperform rating and set a C$40.00 price objective on shares of Finning International in a research note on Wednesday, September 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of C$42.06.

Shares of TSE:FTT opened at C$31.21 on Thursday. The firm’s 50 day moving average is C$32.48 and its two-hundred day moving average is C$32.27. Finning International has a 52 week low of C$19.69 and a 52 week high of C$35.00. The firm has a market capitalization of C$5.04 billion and a P/E ratio of 15.84. The company has a current ratio of 1.76, a quick ratio of 0.74 and a debt-to-equity ratio of 75.84.

Finning International (TSE:FTT) last announced its quarterly earnings results on Tuesday, August 3rd. The company reported C$0.56 EPS for the quarter, beating the consensus estimate of C$0.46 by C$0.10. The firm had revenue of C$1.85 billion during the quarter, compared to analyst estimates of C$1.76 billion. Analysts predict that Finning International will post 2.2699999 EPS for the current year.

In other Finning International news, Senior Officer Scott Thomson bought 7,500 shares of Finning International stock in a transaction that occurred on Thursday, August 5th. The stock was purchased at an average cost of C$33.74 per share, for a total transaction of C$253,044.75. Following the completion of the acquisition, the insider now owns 224,599 shares of the company’s stock, valued at approximately C$7,577,813.04. Also, Senior Officer Sebastian Tomas Guridi sold 1,908 shares of the firm’s stock in a transaction that occurred on Thursday, August 12th. The stock was sold at an average price of C$34.39, for a total transaction of C$65,610.21. Following the sale, the insider now owns 4,799 shares of the company’s stock, valued at C$165,022.73.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. It offers telehandlers, compact and small wheel loaders, mini excavators; heavy construction equipment, such as articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, excavators, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, track loaders, and wheel tractor-scrapers; and skidders, forest machines, track feller bunchers, log stackers, multi docker material handlers, cable yarding systems, dozers, drills, electric rope shovels, hydraulic mining shovels, and underground mining load haul dump (LHD) loaders.

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Analyst Recommendations for Finning International (TSE:FTT)

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