FY2024 EPS Estimates for TSE:FTT Reduced by Raymond James

Finning International Inc. (TSE:FTT) – Analysts at Raymond James decreased their FY2024 earnings per share estimates for shares of Finning International in a research report issued on Thursday, November 14th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $3.70 for the year, down from their previous forecast of $3.95. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

A number of other equities analysts have also issued reports on the company. Scotiabank set a C$51.00 price target on Finning International and gave the company an “outperform” rating in a research note on Wednesday, August 21st. BMO Capital Markets dropped their target price on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. TD Securities raised Finning International from a “hold” rating to a “buy” rating and upped their price target for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. CIBC cut their target price on shares of Finning International from C$50.00 to C$48.00 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group cut their price target on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$48.00.

Finning International Trading Down 2.6 %

TSE:FTT opened at C$37.22 on Monday. The stock has a market cap of C$5.19 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. Finning International has a 1 year low of C$34.04 and a 1 year high of C$45.17. The business has a fifty day moving average of C$41.23 and a 200-day moving average of C$40.73.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.