Finning International Inc. (TSE:FTT) Receives C$94.63 Average PT from Brokerages

Finning International Inc. (TSE:FTT) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. One equities research 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 brokerages that have issued a report on the stock in the last year is C$94.63.

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

Finning International Trading Down 2.9%

Shares of TSE:FTT opened at C$88.69 on Friday. 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$11.60 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 0.56 and a beta of 0.80. Finning International has a 1-year low of C$34.59 and a 1-year high of C$91.95. The company has a 50 day moving average price of C$82.35 and a 200 day moving average price of C$72.19.

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

About Finning International

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.