Finning International Inc. (TSE:FTT) Stock Has Consensus Price Target of C$117.80 According to Brokerages

Finning International Inc. (TSE:FTT) has earned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$117.80.

Several analysts recently weighed in on the company. TD boosted their price objective on Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus set a C$127.00 target price on Finning International and gave the stock a “buy” rating in a report on Wednesday, September 30th. Royal Bank Of Canada decreased their target price on Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. BMO Capital Markets boosted their price target on Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Scotiabank boosted their price target on Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 7th.

Finning International Price Performance

FTT opened at C$112.00 on Friday. The company has a 50-day moving average of C$96.49 and a 200-day moving average of C$97.14. The company has a market capitalization of C$14.57 billion, a P/E ratio of 26.73, a PEG ratio of 0.56 and a beta of 0.48. Finning International has a 1-year low of C$64.88 and a 1-year high of C$115.60. The company has a debt-to-equity ratio of 86.86, a quick ratio of 0.59 and a current ratio of 1.47.

Finning International (TSE:FTT) last issued 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 business had revenue of C$3.13 billion for the quarter. Equities analysts expect 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.