Analysts 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 research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$94.63.

FTT has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce increased their target price on shares of Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Canaccord Genuity Group upped their price target on shares of Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, February 9th. TD Securities boosted their target price on Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Raymond James Financial raised their price target on Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. Finally, Royal Bank Of Canada boosted their price objective on Finning International from C$89.00 to C$104.00 in a report on Thursday, February 12th.

Finning International Stock Performance

Shares of FTT opened at C$91.96 on Friday. Finning International has a 52-week low of C$34.59 and a 52-week high of C$94.46. The stock’s 50-day simple moving average is C$83.88 and its 200 day simple moving average is C$72.96. 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 stock has a market capitalization of C$12.03 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80.

Finning International (TSE:FTT) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. Finning International had a return on equity of 19.69% and a net margin of 4.54%.The firm had revenue of C$2.77 billion for the quarter. Research analysts forecast that Finning International will post 4.244898 EPS for the current fiscal 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.