Finning International Inc. (FTT.TO) (TSE:FTT) Reaches New 12-Month High at $30.25

Shares of Finning International Inc. (FTT.TO) (TSE:FTT) hit a new 52-week high during trading on Thursday . The stock traded as high as C$30.25 and last traded at C$29.95, with a volume of 97831 shares traded. The stock had previously closed at C$29.34.

Several equities analysts recently commented on FTT shares. BMO Capital Markets raised shares of Finning International Inc. (FTT.TO) from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$23.00 to C$32.00 in a research report on Wednesday, January 6th. Scotiabank upped their price target on shares of Finning International Inc. (FTT.TO) from C$27.00 to C$33.00 in a research report on Friday, December 11th. TD Securities lowered shares of Finning International Inc. (FTT.TO) from an “action list buy” rating to a “buy” rating and upped their price target for the stock from C$27.00 to C$32.00 in a research report on Monday, December 14th. Raymond James increased their price objective on shares of Finning International Inc. (FTT.TO) from C$24.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Friday, December 18th. Finally, National Bank Financial increased their price objective on shares of Finning International Inc. (FTT.TO) from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 11th. Six analysts have rated the stock with a buy rating, Finning International Inc. (FTT.TO) currently has a consensus rating of “Buy” and an average price target of C$28.89.

The firm’s 50-day moving average price is C$27.59 and its 200-day moving average price is C$22.37. The company has a market cap of C$4.81 billion and a price-to-earnings ratio of 23.12. The company has a debt-to-equity ratio of 85.30, a current ratio of 1.90 and a quick ratio of 0.78.

Finning International Inc. (FTT.TO) (TSE:FTT) last released its quarterly earnings data on Tuesday, November 3rd. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.26 by C$0.11. The business had revenue of C$1.44 billion during the quarter, compared to analyst estimates of C$1.52 billion. On average, sell-side analysts anticipate that Finning International Inc. will post 1.58 earnings per share for the current year.

About Finning International Inc. (FTT.TO) (TSE:FTT)

Finning International Inc engages in selling, servicing, and renting heavy equipment, and power and energy systems in Canada, the United States, South America, the United Kingdom, and Ireland. It offers tractors, off-highway trucks, drills, electric rope shovels, hydraulic excavators and draglines, backhoe loaders, excavators, forklifts, articulated trucks, loaders, log loaders, tree harvesters, skidders, motor graders, paving products, compactors, wheel tractor-scrapers, pipe layers, extensive underground equipment, and other products.

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