Finning International (TSE:FTT) Hits New 1-Year High - Time to Buy?

Key Points

• Finning International's stock reached a new 52-week high, trading at C$62.96 with a volume of 160,091 shares.
• Analysts have revised their target prices upwards, with Royal Bank Of Canada setting a new target of C$67.00 and Raymond James Financial at C$68.00, supporting a consensus rating of "Moderate Buy."
• The company operates in multiple countries, providing a wide range of heavy equipment and related services, contributing to its recent stock performance and market capitalization of C$8.83 billion.

Finning International Inc. (TSE:FTT - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as C$62.96 and last traded at C$62.96, with a volume of 160091 shares trading hands. The stock had previously closed at C$60.60.

Analyst Ratings Changes

FTT has been the subject of several recent research reports. Royal Bank Of Canada raised their target price on shares of Finning International from C$61.00 to C$67.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. BMO Capital Markets lifted their price target on shares of Finning International from C$57.00 to C$66.00 in a report on Tuesday, July 22nd. Scotiabank lowered their price target on shares of Finning International from C$65.00 to C$64.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Finally, Raymond James Financial lifted their price target on shares of Finning International from C$56.00 to C$68.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$59.44.

Finning International Trading Up 9.9%

The stock has a market capitalization of C$8.83 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.56 and a beta of 1.16. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The business's 50-day simple moving average is C$58.84 and its two-hundred day simple moving average is C$50.70.

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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