Finning International Inc. (TSE:FTT) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Finning International received a consensus “Buy” rating from all nine analysts covering the stock, with an average 12-month price target of C$116.78.
• Several brokerages raised their price targets, including BMO Capital Markets to C$122, Scotiabank to C$118, and TD to C$120; RBC maintained an “outperform” rating with a C$129 target.
• The stock opened at C$94.50 and was trading up 3.2%, while the company reported quarterly earnings of C$1.22 per share on revenue of C$3.13 billion.

Finning International Inc. (TSE:FTT - Get Free Report) has been given a consensus recommendation of "Buy" by the nine brokerages that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is C$116.78.

A number of research analysts have weighed in on the company. BMO Capital Markets increased their target price on Finning International from C$118.00 to C$122.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Scotiabank boosted their price target on Finning International from C$114.00 to C$118.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 7th. Canadian Imperial Bank of Commerce upped their price target on shares of Finning International from C$100.00 to C$120.00 in a research report on Thursday, May 14th. Royal Bank Of Canada lowered their price objective on shares of Finning International from C$130.00 to C$129.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Finally, TD raised their price objective on shares of Finning International from C$115.00 to C$120.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th.

Finning International Trading Up 3.2%

TSE:FTT opened at C$94.50 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86. Finning International has a 12 month low of C$57.01 and a 12 month high of C$109.58. The company has a market cap of C$12.30 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 0.56 and a beta of 0.78. The company has a 50 day simple moving average of C$96.67 and a two-hundred day simple moving average of C$95.60.

Finning International (TSE:FTT - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. The firm 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%. Research analysts forecast that Finning International 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.

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