Finning International Inc. (TSE:FTT) Receives Average Recommendation of “Buy” from Analysts

Shares of Finning International Inc. (TSE:FTT) have earned a consensus recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$48.25.

Several brokerages recently commented on FTT. CIBC lifted their price target on shares of Finning International from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets cut their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Canaccord Genuity Group decreased their target price on Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Raymond James cut their price target on Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price objective on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th.

Finning International Stock Up 0.1 %

FTT stock opened at C$37.55 on Tuesday. The company’s 50 day moving average price is C$38.73 and its 200 day moving average price is C$39.70. The firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.56 and a beta of 1.55. Finning International has a fifty-two week low of C$34.28 and a fifty-two week high of C$45.17. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55.

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.