Finning International Inc. (FTT.TO) – What Are Analysts Thinking About This Stock?

Finning International Inc. (TSE:FTT) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$117.80.

Several brokerages have weighed in on FTT. BMO Capital Markets boosted their price objective on Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada reduced their target price 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. Canadian Imperial Bank of Commerce reduced their target price on shares of Finning International from C$122.00 to C$120.00 in a research note on Thursday, October 29th. Scotiabank lifted their price target 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. Finally, National Bank Financial boosted 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.

Finning International Price Performance

TSE:FTT opened at C$92.48 on Thursday. 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 50-day moving average of C$98.90 and a 200-day moving average of C$95.64. Finning International has a 52 week low of C$70.67 and a 52 week high of C$115.60. The company has a market capitalization of C$12.03 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 0.56 and a beta of 0.48.

Finning International (TSE:FTT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%. The company had revenue of C$3.13 billion during the quarter. As a group, equities research analysts anticipate that Finning International will post 4.24 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.