Finning International Inc. (TSE:FTT) Receives Consensus Rating of “Buy” from Brokerages

Finning International Inc. (TSE:FTT) has earned an average recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$117.80.

A number of brokerages have issued reports on FTT. Scotiabank increased their price objective on shares of Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 7th. BMO Capital Markets boosted their target price on shares of Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Royal Bank Of Canada cut their price target on shares of Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Stifel Nicolaus set a C$127.00 price target on shares of Finning International and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Finally, National Bank Financial lifted their price objective on shares of Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research note on Friday, August 7th.

Finning International Stock Down 1.2%

Shares of FTT opened at C$105.41 on Friday. The firm has a market cap of C$13.72 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 0.56 and a beta of 0.48. The company has a debt-to-equity ratio of 86.86, a quick ratio of 0.59 and a current ratio of 1.47. Finning International has a 52 week low of C$65.79 and a 52 week high of C$115.60. The firm’s 50-day simple moving average is C$97.04 and its 200 day simple moving average is C$97.48.

Finning International (TSE:FTT) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. The business had revenue of C$3.13 billion during the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%. On average, analysts forecast that Finning International will post 4.244898 earnings per share for the current year.

Finning International Company Profile

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.