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

Finning International Inc. (TSE:FTT) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$95.89.

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Monday, February 9th. Scotiabank boosted their price target on shares of Finning International from C$92.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. TD Securities upped their price objective on Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce increased their price objective on Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Finally, TD lifted their target price on Finning International from C$104.00 to C$106.00 and gave the company a “buy” rating in a report on Wednesday.

Finning International Stock Performance

Shares of Finning International stock opened at C$92.95 on Friday. The firm has a market cap of C$12.16 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 0.56 and a beta of 0.69. The company has a quick ratio of 0.59, a current ratio of 1.67 and a debt-to-equity ratio of 82.71. Finning International has a 52 week low of C$37.08 and a 52 week high of C$98.93. The business’s fifty day simple moving average is C$89.01 and its 200-day simple moving average is C$80.01.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. Finning International had a net margin of 6.21% and a return on equity of 24.05%. The firm had revenue of C$2.77 billion during the quarter. Equities analysts forecast that Finning International will post 4.244898 earnings per share for the current year.

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.