Finning International Inc. (TSE:FTT) Receives C$48.00 Consensus Target Price from Analysts

Shares of Finning International Inc. (TSE:FTT) have been given a consensus recommendation of “Buy” by the five analysts that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$48.00.

A number of equities research analysts recently commented on FTT shares. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and increased their price target for the stock from C$43.00 to C$45.00 in a research report on Friday, August 9th. Scotiabank set a C$51.00 price target on Finning International and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Raymond James dropped their price objective on Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. BMO Capital Markets lowered their target price on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Finally, CIBC lowered their target price on Finning International from C$50.00 to C$48.00 in a report on Thursday, November 14th.

Finning International Stock Up 3.0 %

TSE FTT opened at C$37.92 on Monday. The firm has a market cap of C$5.29 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. Finning International has a one year low of C$34.04 and a one year high of C$45.17. The stock’s 50 day simple moving average is C$41.20 and its 200 day simple moving average is C$40.61. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59.

Finning International Company Profile

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.