Finning International Inc. (TSE:FTT) Receives C$96.33 Consensus Target Price from Brokerages

Shares of Finning International Inc. (TSE:FTT) have earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$96.33.

FTT has been the subject of several recent research reports. Canadian Imperial Bank of Commerce lifted their target price on shares of Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Scotiabank raised their price objective on shares of Finning International from C$105.00 to C$109.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. TD lifted their price objective on shares of Finning International from C$104.00 to C$106.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group boosted their target price 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. Finally, Royal Bank Of Canada increased their target price on Finning International from C$89.00 to C$104.00 in a research report on Thursday, February 12th.

Finning International Stock Up 0.1%

Shares of TSE FTT opened at C$97.58 on Thursday. The company has a debt-to-equity ratio of 82.71, a current ratio of 1.67 and a quick ratio of 0.59. The stock has a market capitalization of C$12.77 billion, a PE ratio of 19.75, a P/E/G ratio of 0.56 and a beta of 0.70. Finning International has a one year low of C$41.09 and a one year high of C$101.89. The business’s fifty day moving average price is C$91.45 and its 200-day moving average price is C$83.47.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%.The company had revenue of C$2.77 billion during the quarter. On average, equities research analysts anticipate that Finning International will post 4.244898 EPS 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.