Finning International (TSE:FTT) Upgraded at Stifel Nicolaus

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

Several other equities analysts also recently commented on FTT. TD increased their target price on Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. National Bank Financial boosted their price target on Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada lowered their price objective on Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. BMO Capital Markets raised their price objective on shares of Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Scotiabank lifted 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 equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$117.80.

Finning International Stock Up 0.7%

Shares of TSE:FTT opened at C$109.04 on Monday. Finning International has a 52-week low of C$64.35 and a 52-week high of C$109.58. The company has a market capitalization 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. 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 fifty day moving average of C$95.75 and a 200-day moving average of C$96.52.

Finning International (TSE:FTT) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share 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%. On average, equities analysts predict that Finning International will post 4.244898 EPS 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.