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

Shares of Finning International Inc. (TSE:FTT) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$94.63.

Several analysts have issued reports on the company. BMO Capital Markets boosted their price target on Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Raymond James Financial boosted their price objective on Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. National Bank Financial increased their target price on shares of 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. TD Securities lifted their price target on shares of Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th.

Finning International Stock Up 1.4%

Shares of FTT stock opened at C$91.31 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. Finning International has a 12 month low of C$34.59 and a 12 month high of C$91.95. The stock has a market cap of C$11.95 billion, a P/E ratio of 18.48, a P/E/G ratio of 0.56 and a beta of 0.80. The company has a 50 day simple moving average of C$82.07 and a two-hundred day simple moving average of C$71.81.

Finning International (TSE:FTT) last issued its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share (EPS) for the quarter. Finning International had a net margin of 4.54% and a return on equity of 19.69%. The firm had revenue of C$2.77 billion during the quarter. On average, research 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.