Finning International Inc. (TSE:FTT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Finning International Inc. (TSE:FTT) has earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$96.33.

A number of research analysts have commented on FTT shares. TD increased their price target on shares of Finning International from C$104.00 to C$106.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Canaccord Genuity Group boosted their price objective 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 upped their price objective on shares of Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce increased their target price on shares of Finning International from C$84.00 to C$102.00 in a report on Friday, February 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th.

Finning International Trading Up 3.1%

Shares of FTT stock opened at C$100.71 on Thursday. The business has a 50-day moving average price of C$91.14 and a two-hundred day moving average price of C$82.89. Finning International has a 12-month low of C$38.96 and a 12-month high of C$101.89. The company has a quick ratio of 0.59, a current ratio of 1.67 and a debt-to-equity ratio of 82.71. The firm has a market cap of C$13.18 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 0.56 and a beta of 0.70.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 EPS for the quarter. The firm had revenue of C$2.77 billion for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%. Equities 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.