Finning International (TSE:FTT) Stock Lifted to Strong-Buy by Stifel Nicolaus

Key Points

• Stifel Nicolaus upgraded Finning International to “strong buy.” The company has an overall “buy” consensus rating, with one strong-buy and nine buy recommendations.
• Analysts’ average price target is C$117.80, with recent targets ranging from C$118 to C$129. The stock opened at C$109.04 and is near its 12-month high of C$109.58.
• Finning reported quarterly EPS of C$1.22 on revenue of C$3.13 billion, alongside a 4.93% net margin and 19.22% return on equity.

Finning International (TSE:FTT - Get Free Report) was upgraded by Stifel Nicolaus to a "strong-buy" rating in a research report issued on Monday, Zacks reports.

FTT has been the topic of a number of other research reports. Scotiabank boosted 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 note on Tuesday, July 7th. National Bank Financial increased their price target on Finning International from C$115.00 to C$118.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. TD raised their price objective on Finning International from C$115.00 to C$120.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. 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 research report on Friday, August 7th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$117.80.

Finning International Stock Performance

Finning International stock opened at C$109.04 on Monday. The stock has a market cap of C$14.19 billion, a PE ratio of 26.02, a P/E/G ratio of 0.56 and a beta of 0.78. The company has a quick ratio of 0.59, a current ratio of 1.47 and a debt-to-equity ratio of 86.86. The business's 50-day moving average price is C$95.75 and its two-hundred day moving average price is C$96.52. Finning International has a 12-month low of C$64.35 and a 12-month high of C$109.58.

Finning International (TSE:FTT - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. The business had revenue of C$3.13 billion during the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. As a group, analysts expect that Finning International will post 4.244898 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.

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