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

Shares of Finning International Inc. (TSE:FTT) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$78.25.

FTT has been the subject of a number of recent research reports. CIBC boosted their price objective on shares of Finning International from C$77.00 to C$84.00 in a research report on Thursday, November 13th. TD Securities lifted their target price on Finning International from C$81.00 to C$88.00 in a research note on Thursday, November 13th. BMO Capital Markets upped their target price on Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Scotiabank increased their price objective on shares of Finning International from C$71.00 to C$85.00 in a report on Thursday, November 13th. Finally, Raymond James Financial boosted their target price on shares of Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th.

Finning International Stock Down 0.0%

Shares of TSE:FTT opened at C$74.37 on Friday. The stock has a market capitalization of C$9.77 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 0.56 and a beta of 0.78. Finning International has a 1-year low of C$34.59 and a 1-year high of C$79.68. The company’s fifty day moving average is C$74.09 and its two-hundred day moving average is C$65.30. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65.

About Finning International

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.