Finning International Inc. (TSE:FTT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Finning International Inc. (TSE:FTT) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$94.63.

FTT has been the topic of a number of recent research reports. National Bank Financial raised their price target on shares of Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a research report on Monday, December 15th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. Scotiabank raised their target price on shares of Finning International from C$92.00 to C$105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Royal Bank Of Canada lifted their target price on Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th. Finally, TD Securities upped their target price 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.

Finning International Stock Performance

FTT stock opened at C$91.10 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 82.71. The firm has a market cap of C$11.92 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.56 and a beta of 0.62. Finning International has a 12-month low of C$34.59 and a 12-month high of C$98.93. The stock’s 50 day simple moving average is C$87.69 and its 200 day simple moving average is C$76.02.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 EPS for the quarter. Finning International had a net margin of 6.21% and a return on equity of 24.05%. The firm had revenue of C$2.77 billion during the quarter. As a group, equities research analysts predict that Finning International will post 4.244898 EPS for the current 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.