Finning International (TSE:FTT) Reaches New 52-Week High – Should You Buy?

Finning International Inc. (TSE:FTT) shares hit a new 52-week high on Wednesday. The company traded as high as C$108.33 and last traded at C$108.70, with a volume of 104495 shares. The stock had previously closed at C$108.24.

Wall Street Analyst Weigh In

A number of research firms have commented on FTT. TD upped their price objective on shares of Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Scotiabank boosted their price target on shares of Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 7th. National Bank Financial increased their price objective 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. Royal Bank Of Canada decreased their price objective on Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, BMO Capital Markets lifted their target price on Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$117.80.

Finning International Stock Up 1.0%

The business’s 50 day simple moving average is C$95.72 and its 200-day simple moving average is C$96.38. 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 company has a market cap of C$14.23 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 0.56 and a beta of 0.78.

Finning International (TSE:FTT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. The business 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 expect that Finning International Inc. will post 4.244898 earnings per share for the current 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.