Finning International Inc. (TSE:FTT) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Finning International has a consensus “Buy” rating from all nine covering brokerages, with an average 1-year price target of C$116.78. Several firms recently raised their targets, with BMO’s reaching C$122.
• The stock opened at C$94.16 and was trading below its 50-day moving average, despite remaining well above its 52-week low. Finning reported quarterly EPS of C$1.22 and revenue of C$3.13 billion.
• Insiders have sold 7,119 shares worth approximately C$755,606 over the past three months; corporate insiders currently own 0.10% of the company.

Finning International Inc. (TSE:FTT - Get Free Report) has been given an average rating of "Buy" by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$116.78.

FTT has been the subject of several research reports. TD raised their target price on Finning International from C$115.00 to C$120.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. BMO Capital Markets boosted their target price on Finning International from C$118.00 to C$122.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Scotiabank increased their price objective on shares of Finning International from C$114.00 to C$118.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 7th. Raymond James Financial increased their price objective on Finning International from C$100.00 to C$120.00 and gave the company an "outperform" rating in a research report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Finning International from C$100.00 to C$120.00 in a research report on Thursday, May 14th.

Finning International Trading Down 1.3%

TSE:FTT opened at C$94.16 on Friday. The stock's 50 day moving average price is C$99.02 and its 200 day moving average price is C$95.15. Finning International has a 52 week low of C$55.82 and a 52 week high of C$109.58. The company has a market capitalization of C$12.25 billion, a P/E ratio of 22.47, a P/E/G ratio of 0.56 and a beta of 0.86. The company has a debt-to-equity ratio of 86.86, a quick ratio of 0.59 and a current ratio of 1.47.

Finning International (TSE:FTT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 EPS for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%.The business had revenue of C$3.13 billion for the quarter. On average, research analysts forecast that Finning International will post 4.244898 EPS for the current fiscal year.

Insider Transactions at Finning International

In related news, insider Tim Arne Ferwerda sold 1,478 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the sale, the insider directly owned 16,016 shares in the company, valued at C$1,699,617.92. This trade represents a 8.45% decrease in their ownership of the stock. Over the last three months, insiders sold 7,119 shares of company stock worth $755,606. 0.10% of the stock is currently owned by corporate insiders.

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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