Finning International Inc. (TSE:FTT) Stock Has Consensus Price Target of C$117.80

Shares of Finning International Inc. (TSE:FTT) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$117.80.

FTT has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on 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. Canadian Imperial Bank of Commerce reduced their target price on shares of Finning International from C$122.00 to C$120.00 in a report on Thursday, October 29th. Stifel Nicolaus set a C$127.00 price target on shares of Finning International and gave the company a “buy” rating in a research report on Wednesday, September 30th. National Bank Financial boosted 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. Finally, Royal Bank Of Canada set a C$129.00 target price on Finning International and gave the stock an “outperform” rating in a research note on Tuesday.

Finning International Price Performance

TSE FTT opened at C$96.58 on Thursday. The company has a debt-to-equity ratio of 86.86, a quick ratio of 0.59 and a current ratio of 1.47. The firm’s 50 day moving average price is C$99.18 and its 200-day moving average price is C$95.81. Finning International has a 52-week low of C$70.67 and a 52-week high of C$115.60. The company has a market cap of C$12.57 billion, a PE ratio of 23.05, a P/E/G ratio of 0.56 and a beta of 0.48.

Finning International (TSE:FTT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 EPS for the quarter. The company had revenue of C$3.13 billion during the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. Sell-side analysts forecast that Finning International will post 4.24 EPS for the current fiscal year.

Finning International Company Profile

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.