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

Key Points

• Finning International Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with one hold rating and seven buy ratings.
• The average 1-year price target set by analysts for Finning International is C$59.44, with several firms adjusting their price objectives upward recently.
• Currently trading at C$62.84, Finning International has a market capitalization of C$8.33 billion and notable financial ratios, including a PE ratio of 13.48.

Finning International Inc. (TSE:FTT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$59.44.

A number of research firms have recently weighed in on FTT. Raymond James Financial raised their price objective on Finning International from C$56.00 to C$68.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Scotiabank lowered their price objective on Finning International from C$65.00 to C$64.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada raised their price objective on Finning International from C$61.00 to C$67.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets raised their price objective on Finning International from C$57.00 to C$66.00 in a research report on Tuesday, July 22nd.

Finning International Trading Down 6.1%

Shares of TSE:FTT opened at C$62.84 on Wednesday. Finning International has a 12-month low of C$34.59 and a 12-month high of C$67.23. The business's fifty day simple moving average is C$59.01 and its 200-day simple moving average is C$50.96. The company has a market capitalization of C$8.33 billion, a PE ratio of 13.48, a P/E/G ratio of 0.56 and a beta of 1.16. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.

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