Finning International (TSE:FTT) Sets New 1-Year High – Still a Buy?

Shares of Finning International Inc. (TSE:FTT) hit a new 52-week high on Friday . The company traded as high as C$79.05 and last traded at C$78.96, with a volume of 274498 shares trading hands. The stock had previously closed at C$76.26.

Analyst Ratings Changes

FTT has been the subject of several recent research reports. National Bankshares raised their price target on shares of Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research report on Monday, December 15th. Raymond James Financial increased their price objective on Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. Scotiabank boosted their target price on Finning International from C$71.00 to C$85.00 in a research note on Thursday, November 13th. BMO Capital Markets upped their price target on Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Finally, TD Securities lifted their price objective on Finning International from C$81.00 to C$88.00 in a research note on Thursday, November 13th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$78.25.

Finning International Stock Performance

The company has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.56 and a beta of 0.79. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The stock has a 50 day simple moving average of C$74.49 and a two-hundred day simple moving average of C$66.27.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.