Finning International Inc. (TSE:FTT) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• "Moderate Buy" consensus from seven analysts (six buys, one hold) with an average 12‑month target of C$94.63; several brokers (TD, RBC, Scotiabank, Canaccord) recently raised targets into the ~C$100–C$105 range.
• Shares opened at C$90.72; Finning has a market cap of C$11.87B, a P/E of 18.36 and P/E/G of 0.56, and reported C$1.02 EPS on C$2.77B revenue last quarter with a 24.05% return on equity.

Finning International Inc. (TSE:FTT - Get Free Report) has earned an average rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$94.63.

A number of equities analysts have recently weighed in on the stock. TD Securities upped their price target on shares of Finning International from C$100.00 to C$104.00 and gave the stock a "buy" rating in a research note on Tuesday, February 17th. Royal Bank Of Canada upped their price target on shares of Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th. Scotiabank upped their price target on shares of Finning International from C$92.00 to C$105.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. National Bank Financial upped their price target on shares of Finning International from C$66.00 to C$72.00 and gave the stock a "sector perform" rating in a research note on Monday, December 15th. Finally, Canaccord Genuity Group upped their price target on shares of Finning International from C$90.00 to C$100.00 and gave the stock a "buy" rating in a research note on Monday, February 9th.

Finning International Stock Performance

Shares of FTT opened at C$90.72 on Friday. The company has a debt-to-equity ratio of 82.71, a quick ratio of 0.59 and a current ratio of 1.67. The stock has a market capitalization of C$11.87 billion, a P/E ratio of 18.36, a P/E/G ratio of 0.56 and a beta of 0.69. The company's fifty day moving average is C$88.69 and its two-hundred day moving average is C$79.36. Finning International has a 1 year low of C$36.74 and a 1 year high of C$98.93.

Finning International (TSE:FTT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share (EPS) for the quarter. The company had revenue of C$2.77 billion for the quarter. Finning International had a net margin of 6.21% and a return on equity of 24.05%. On average, sell-side analysts predict that Finning International will post 4.244898 earnings per share for the current year.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.

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