Finning International Inc. (TSE:FTT) Stock Has Average Target Price of C$117.80

Key Points

• Analysts are broadly bullish on Finning International, with all nine covering firms assigning a Buy-equivalent rating and an average 12-month price target of C$117.80.
• Recent analysts raised several targets, including BMO Capital Markets to C$122 and National Bank Financial to C$118, while RBC maintained an outperform rating with a C$129 target.
• The stock opened at C$100.85 and has gained 0.4%; Finning reported quarterly EPS of C$1.22 on revenue of C$3.13 billion, with analysts expecting full-year EPS of C$4.24.

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

Several analysts have issued reports on the company. 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, September 30th. Scotiabank boosted their price target on 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. BMO Capital Markets boosted their price target 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. National Bank Financial upped their price objective on Finning International from C$115.00 to C$118.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada dropped their price objective on Finning International from C$130.00 to C$129.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th.

Finning International Trading Up 0.4%

TSE:FTT opened at C$100.85 on Thursday. Finning International has a one year low of C$70.35 and a one year high of C$115.60. 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 firm has a market cap of C$13.12 billion, a P/E ratio of 24.07, a P/E/G ratio of 0.56 and a beta of 0.48. The firm has a 50-day simple moving average of C$98.75 and a 200-day simple moving average of C$95.43.

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 firm had revenue of C$3.13 billion for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. Equities analysts anticipate that Finning International will post 4.24 EPS for the current fiscal 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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