Brokerages Set Finning International Inc. (TSE:FTT) Target Price at C$94.63

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

Several research analysts recently commented on the company. National Bank Financial increased their price target on Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research report on Monday, December 15th. Royal Bank Of Canada boosted their price target on Finning International from C$89.00 to C$104.00 in a research report on Thursday, February 12th. Canadian Imperial Bank of Commerce upped their price objective on Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. TD Securities increased their price objective on Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Canaccord Genuity Group raised their target price on shares of Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a research note on Monday, February 9th.

Finning International Trading Down 2.8%

Shares of TSE:FTT opened at C$80.65 on Wednesday. The company’s 50-day moving average price is C$88.10 and its two-hundred day moving average price is C$76.32. The company has a debt-to-equity ratio of 82.71, a current ratio of 1.67 and a quick ratio of 0.59. Finning International has a one year low of C$34.59 and a one year high of C$98.93. The stock has a market capitalization of C$10.55 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. The company had revenue of C$2.77 billion during the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%. On average, equities analysts forecast that Finning International will post 4.244898 EPS for the current fiscal year.

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.