Brokerages Set Finning International Inc. (TSE:FTT) PT at C$66.00

Shares of Finning International Inc. (TSE:FTT) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$75.88.

FTT has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price objective on shares of Finning International from C$61.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. TD Securities boosted their price target on Finning International from C$81.00 to C$88.00 in a report on Thursday. Raymond James Financial boosted their price target on shares of Finning International from C$68.00 to C$85.00 in a report on Thursday. Scotiabank raised their target price on shares of Finning International from C$71.00 to C$85.00 in a research note on Thursday. Finally, BMO Capital Markets lifted their target price on shares of Finning International from C$76.00 to C$85.00 in a research note on Thursday.

Finning International Stock Performance

Shares of TSE FTT opened at C$74.01 on Thursday. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The company has a market cap of C$9.96 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.56 and a beta of 0.91. Finning International has a 52-week low of C$34.59 and a 52-week high of C$79.68. The firm’s fifty day moving average is C$67.37 and its two-hundred day moving average is C$59.22.

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.