Brokerages Set Finning International Inc. (TSE:FTT) Target Price at C$96.33

Finning International Inc. (TSE:FTT) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$96.33.

FTT has been the topic of several research analyst reports. Canaccord Genuity Group raised their target price on Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Scotiabank upped their price target on Finning International from C$105.00 to C$109.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. TD Securities increased their price target on shares of Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised their price objective on shares of Finning International from C$84.00 to C$102.00 in a report on Friday, February 6th. Finally, TD boosted their price objective on shares of Finning International from C$104.00 to C$106.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th.

Finning International Stock Performance

Shares of Finning International stock opened at C$104.97 on Thursday. The business has a 50-day simple moving average of C$91.68 and a 200-day simple moving average of C$83.88. The company has a debt-to-equity ratio of 82.71, a quick ratio of 0.59 and a current ratio of 1.67. Finning International has a one year low of C$47.38 and a one year high of C$106.15. The company has a market cap of C$13.73 billion, a PE ratio of 21.25, a P/E/G ratio of 0.56 and a beta of 0.70.

Finning International (TSE:FTT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$1.02 earnings per share (EPS) for the quarter. The company had revenue of C$2.50 billion during the quarter. Finning International had a net margin of 6.21% and a return on equity of 24.05%. On average, equities research analysts forecast that Finning International will post 4.244898 EPS for the current fiscal 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.