Finning International (TSE:FTT) Stock Rating Raised to Strong-Buy at Stifel Nicolaus

Finning International (TSE:FTT) was upgraded by analysts at Stifel Nicolaus to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

A number of other brokerages have also commented on FTT. Scotiabank boosted their price objective on Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 7th. BMO Capital Markets raised their target price on Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada cut their target price on Finning International from C$130.00 to C$129.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. National Bank Financial upped their price target on Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, TD increased their price target on Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, Finning International presently has an average rating of “Buy” and a consensus price target of C$117.80.

Finning International Stock Up 0.7%

Shares of TSE FTT opened at C$109.04 on Monday. The company has a debt-to-equity ratio of 86.86, a current ratio of 1.47 and a quick ratio of 0.59. The company has a 50-day moving average price of C$95.75 and a 200-day moving average price of C$96.52. The stock has a market capitalization of C$14.19 billion, a P/E ratio of 26.02, a P/E/G ratio of 0.56 and a beta of 0.78. Finning International has a 1 year low of C$64.35 and a 1 year high of C$109.58.

Finning International (TSE:FTT) last posted its earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. The company had revenue of C$3.13 billion for the quarter. On average, equities research analysts forecast 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.