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

Shares of Finning International Inc. (TSE:FTT) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$62.89.

FTT has been the subject of several recent research reports. Raymond James Financial raised their target price on shares of Finning International from C$56.00 to C$68.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Royal Bank Of Canada raised their target price on shares of Finning International from C$61.00 to C$67.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Scotiabank raised their target price on shares of Finning International from C$64.00 to C$71.00 in a report on Friday. BMO Capital Markets raised their target price on shares of Finning International from C$57.00 to C$66.00 in a report on Tuesday, July 22nd. Finally, TD Securities raised their target price on shares of Finning International from C$69.00 to C$81.00 in a report on Friday.

Finning International Trading Down 0.6%

Shares of Finning International stock opened at C$69.26 on Friday. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The firm has a fifty day moving average price of C$60.98 and a 200 day moving average price of C$54.19. Finning International has a 1 year low of C$34.59 and a 1 year high of C$70.50. The stock has a market cap of C$9.18 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05.

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.