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

Shares of Finning International Inc. (TSE:FTT) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$78.25.

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

Finning International Stock Up 0.7%

FTT opened at C$86.42 on Tuesday. The company has a market capitalization of C$11.35 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.56 and a beta of 0.79. The firm has a 50-day simple moving average of C$76.70 and a two-hundred day simple moving average of C$68.27. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. Finning International has a 52 week low of C$34.59 and a 52 week high of C$86.99.

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.