Finning International Inc. (TSE:FTT) Receives C$116.78 Consensus Price Target from Analysts

Finning International Inc. (TSE:FTT) has earned an average recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$116.78.

Several analysts recently issued reports on the stock. Scotiabank increased their price target on shares of Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 7th. BMO Capital Markets boosted their price objective on shares of Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. National Bank Financial upped their target price on Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. TD raised their target price on Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada reduced their target price on Finning International from C$130.00 to C$129.00 and set an “outperform” rating on the stock in a report on Monday, August 10th.

Finning International Stock Down 1.2%

FTT stock opened at C$90.99 on Wednesday. Finning International has a 52 week low of C$57.83 and a 52 week high of C$109.58. The business has a 50-day simple moving average of C$96.17 and a 200 day simple moving average of C$95.65. The company has a quick ratio of 0.59, a current ratio of 1.47 and a debt-to-equity ratio of 86.86. The company has a market cap of C$11.84 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 0.56 and a beta of 0.78.

Finning International (TSE:FTT) last released its earnings results on Wednesday, August 5th. The company reported C$1.22 EPS for the quarter. The firm had revenue of C$3.13 billion for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. Sell-side analysts anticipate that Finning International will post 4.244898 EPS for the current fiscal year.

About Finning International

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.