Finning International Inc. (TSE:FTT) Receives Consensus Rating of “Moderate Buy” from Analysts

Finning International Inc. (TSE:FTT) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$94.63.

Several research analysts have commented on FTT shares. TD Securities upped their target price on shares of Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada boosted their price objective on Finning International from C$89.00 to C$104.00 in a research report on Thursday, February 12th. National Bank Financial increased their price objective on Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a report on Monday, December 15th. Scotiabank raised their target price on Finning International from C$92.00 to C$105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th.

Finning International Stock Up 1.2%

Finning International stock opened at C$91.10 on Wednesday. The company has a 50-day simple moving average of C$87.69 and a 200-day simple moving average of C$76.02. The firm has a market capitalization of C$11.92 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.56 and a beta of 0.62. The company has a debt-to-equity ratio of 82.71, a quick ratio of 0.59 and a current ratio of 1.67. Finning International has a one year low of C$34.59 and a one year high of C$98.93.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. The business had revenue of C$2.77 billion for the quarter. Finning International had a net margin of 6.21% and a return on equity of 24.05%. As a group, equities analysts expect that Finning International will post 4.244898 earnings per share for the current year.

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.