Analysts Set Finning International Inc. (TSE:FTT) Target Price at C$115.78

Finning International Inc. (TSE:FTT) has been given a consensus rating of “Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$115.78.

Several equities research analysts have commented on the stock. Raymond James Financial upped their price objective on shares of Finning International from C$100.00 to C$120.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. BMO Capital Markets upped their price objective on shares of Finning International from C$96.00 to C$115.00 in a research report on Thursday, May 14th. TD upped their price objective on Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Canadian Imperial Bank of Commerce boosted their price target on shares of Finning International from C$100.00 to C$120.00 in a research note on Thursday, May 14th. Finally, National Bank Financial set a C$115.00 target price on shares of Finning International and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd.

Finning International Stock Performance

FTT stock opened at C$99.80 on Tuesday. Finning International has a 12-month low of C$54.00 and a 12-month high of C$109.58. The firm has a market cap of C$13.03 billion, a PE ratio of 19.61, a P/E/G ratio of 0.56 and a beta of 0.88. The business has a 50 day moving average of C$101.21 and a 200-day moving average of C$93.98. The company has a quick ratio of 0.59, a current ratio of 1.61 and a debt-to-equity ratio of 88.08.

Finning International (TSE:FTT) last released its earnings results on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. Finning International had a return on equity of 24.23% and a net margin of 6.34%.The company had revenue of C$2.50 billion for the quarter. As a group, sell-side analysts expect that Finning International will post 4.244898 earnings per share for the current year.

Insiders Place Their Bets

In other Finning International news, insider Gary Samuel Megarrell sold 300 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$103.00, for a total transaction of C$30,900.00. Following the transaction, the insider directly owned 2,511 shares of the company’s stock, valued at approximately C$258,633. The trade was a 10.67% decrease in their position. Also, insider Tim Arne Ferwerda sold 1,478 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the completion of the sale, the insider directly owned 16,016 shares of the company’s stock, valued at approximately C$1,699,617.92. This represents a 8.45% decrease in their ownership of the stock. Insiders sold 7,813 shares of company stock valued at $827,102 in the last ninety days. 0.10% of the stock is currently owned by insiders.

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.