Finning International (TSE:FTT) Stock Moved Up to “Strong-Buy” by Stifel Nicolaus

Stifel Nicolaus upgraded shares of Finning International (TSE:FTT) to a strong-buy rating in a report issued on Monday,Zacks reports.

A number of other analysts have also issued reports on FTT. National Bank Financial lifted their price target on shares of 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 reduced their price objective on shares of Finning International from C$130.00 to C$129.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. TD raised their price objective on shares of Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. BMO Capital Markets boosted their target price on shares of Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Scotiabank boosted their target price on shares of Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$117.80.

Finning International Price Performance

Shares of TSE FTT opened at C$109.04 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.47 and a debt-to-equity ratio of 86.86. Finning International has a fifty-two week low of C$64.35 and a fifty-two week high of C$109.58. The business has a 50 day moving average price of C$95.75 and a two-hundred day moving average price of C$96.52. The firm has a market cap of C$14.19 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 0.56 and a beta of 0.78.

Finning International (TSE:FTT) last announced its earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. The company had revenue of C$3.13 billion for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%. Sell-side analysts expect that Finning International will post 4.244898 earnings per share for the current fiscal 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.