Finning International Inc. (TSE:FTT) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Analysts remain bullish: All 10 firms covering Finning International rate the stock Buy or Strong Buy, with an average 12-month price target of C$117.80.
• Several firms recently raised their targets, including BMO Capital Markets to C$122 and Scotiabank and National Bank Financial to C$118; RBC trimmed its target slightly to C$129 while maintaining an outperform rating.
• Finning reported quarterly EPS of C$1.22 on revenue of C$3.13 billion, with a 4.93% net margin and 19.22% return on equity. Shares opened at C$112.30 and were up 2.2%, near their 12-month high of C$113.25.

Shares of Finning International Inc. (TSE:FTT - Get Free Report) have received an average rating of "Buy" from the ten research firms that are covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$117.80.

Several analysts have recently weighed in on FTT shares. Scotiabank raised their target price 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. BMO Capital Markets increased their price target 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. 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 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. Finally, Stifel Nicolaus set a C$127.00 target price on Finning International and gave the company a "buy" rating in a research report on Wednesday.

Finning International Trading Up 2.2%

TSE FTT opened at C$112.30 on Friday. Finning International has a 12 month low of C$64.68 and a 12 month high of C$113.25. The company has a 50-day moving average of C$95.91 and a 200-day moving average of C$96.77. 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 company has a market cap of C$14.61 billion, a P/E ratio of 26.80, a P/E/G ratio of 0.56 and a beta of 0.78.

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