Finning International (TSE:FTT) Hits New 12-Month High – Should You Buy?

Finning International Inc. (TSE:FTT)’s share price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as C$114.19 and last traded at C$113.57, with a volume of 207674 shares changing hands. The stock had previously closed at C$112.30.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stifel Nicolaus set a C$127.00 price target on Finning International and gave the stock a “buy” rating in a research note on Wednesday, September 30th. TD upped their price objective on Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Scotiabank increased their target price on Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 7th. BMO Capital Markets lifted their target price on 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, Royal Bank Of Canada lowered their price target on Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$117.80.

Finning International Stock Down 4.8%

The company has a debt-to-equity ratio of 86.86, a current ratio of 1.47 and a quick ratio of 0.59. The stock’s fifty day simple moving average is C$96.80 and its 200-day simple moving average is C$97.30. The stock has a market cap of C$13.88 billion, a P/E ratio of 25.46, a PEG ratio of 0.56 and a beta of 0.48.

Finning International (TSE:FTT) last posted its earnings results on Wednesday, August 5th. The company reported C$1.22 EPS for the quarter. The company had revenue of C$3.13 billion during the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%. On average, research analysts anticipate that Finning International Inc. will post 4.244898 earnings per share for the current year.

About Finning International

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.