Finning International Inc. (TSE:FTT) Receives C$116.78 Average PT from Analysts

Finning International Inc. (TSE:FTT) has been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$116.78.

A number of brokerages have issued reports on FTT. Scotiabank lifted their price objective on Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada cut their target price on Finning International from C$130.00 to C$129.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. National Bank Financial lifted their price target on Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. TD upped their price target on shares of Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, BMO Capital Markets upped their price target on shares of Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th.

Finning International Stock Performance

TSE:FTT opened at C$93.79 on Wednesday. The firm has a market capitalization of C$12.20 billion, a P/E ratio of 22.38, a PEG ratio of 0.56 and a beta of 0.78. The company has a debt-to-equity ratio of 86.86, a current ratio of 1.47 and a quick ratio of 0.59. Finning International has a one year low of C$57.06 and a one year high of C$109.58. The company’s 50-day simple moving average is C$96.43 and its 200 day simple moving average is C$95.67.

Finning International (TSE:FTT) last released its earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. The firm had revenue of C$3.13 billion during the quarter. As a group, analysts forecast that Finning International will post 4.244898 EPS for the current fiscal year.

About Finning International

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.