Brokerages Set Finning International Inc. (TSE:FTT) Price Target at C$78.25

Shares of Finning International Inc. (TSE:FTT) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$78.25.

A number of equities analysts have commented on FTT shares. Raymond James Financial boosted their price objective on shares of Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. CIBC boosted their price target on Finning International from C$77.00 to C$84.00 in a research note on Thursday, November 13th. Scotiabank increased their price target on Finning International from C$71.00 to C$85.00 in a report on Thursday, November 13th. BMO Capital Markets raised their price objective on Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Finally, National Bankshares upped their target price on Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research report on Monday, December 15th.

Finning International Price Performance

Shares of TSE FTT opened at C$87.53 on Tuesday. Finning International has a 1-year low of C$34.59 and a 1-year high of C$89.85. The business has a 50-day moving average of C$78.17 and a 200-day moving average of C$69.22. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The company has a market capitalization of C$11.50 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.56 and a beta of 0.79.

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.