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

Key Points

• Consensus "Moderate Buy": Eight analysts cover Finning International, with seven buy ratings and one hold, and an average 12‑month price target of C$96.33.
• Major brokers have recently raised targets to roughly C$100–C$106 (TD, CIBC, RBC, Canaccord) and reiterated buy ratings, reflecting upward revisions to estimates.
• Shares trade around C$100.71, near a 52‑week high of C$101.89, with a market cap of C$13.18B; last quarter EPS was C$1.02 on C$2.77B revenue, with a 24.05% ROE, P/E ~20.4 and PEG ~0.56.

Finning International Inc. (TSE:FTT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$96.33.

Several equities analysts recently commented on the company. TD boosted their target price on Finning International from C$104.00 to C$106.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Canadian Imperial Bank of Commerce raised their price target on Finning International from C$84.00 to C$102.00 in a report on Friday, February 6th. Royal Bank Of Canada lifted their price target on Finning International from C$89.00 to C$104.00 in a research report on Thursday, February 12th. TD Securities upped their price objective on shares of Finning International from C$100.00 to C$104.00 and gave the stock a "buy" rating in a research report on Tuesday, February 17th. Finally, Canaccord Genuity Group raised their target price on shares of Finning International from C$90.00 to C$100.00 and gave the company a "buy" rating in a research note on Monday, February 9th.

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Finning International Stock Up 3.1%

Shares of TSE:FTT opened at C$100.71 on Thursday. The firm has a fifty day moving average price of C$91.14 and a two-hundred day moving average price of C$82.89. The company has a debt-to-equity ratio of 82.71, a current ratio of 1.67 and a quick ratio of 0.59. Finning International has a one year low of C$38.96 and a one year high of C$101.89. The company has a market cap of C$13.18 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 0.56 and a beta of 0.70.

Finning International (TSE:FTT - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. Finning International had a net margin of 6.21% and a return on equity of 24.05%. The firm had revenue of C$2.77 billion for the quarter. Analysts anticipate that Finning International will post 4.244898 EPS for the current fiscal year.

About Finning International

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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