Finning International (TSE:FTT) Hits New 12-Month High – Still a Buy?

Finning International Inc. (TSE:FTT)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$92.19 and last traded at C$91.64, with a volume of 21166 shares changing hands. The stock had previously closed at C$91.75.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. National Bank Financial raised their price target on shares of Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a report on Monday, December 15th. TD Securities upped their price objective on Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Canaccord Genuity Group lifted 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. Royal Bank Of Canada boosted their price objective on Finning International from C$89.00 to C$104.00 in a research report on Thursday, February 12th. Finally, Scotiabank lifted their target price on Finning International from C$92.00 to C$105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$94.63.

Finning International Stock Performance

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 firm has a market cap of C$12.10 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. The firm’s fifty day moving average price is C$82.68 and its 200 day moving average price is C$72.43.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share (EPS) for the quarter. The firm had revenue of C$2.77 billion for the quarter. Finning International had a net margin of 4.54% and a return on equity of 19.69%. Sell-side analysts expect that Finning International Inc. 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.