Finning International (TSE:FTT) Hits New 12-Month High - Still a Buy?

Key Points

• Shares hit a new 52-week high, trading as high as C$101.30 and last at C$100.54 on volume of about 141,790 shares.
• Analysts have raised price targets and issued mostly Buy ratings (seven Buys, one Hold); MarketBeat shows a consensus "Moderate Buy" with an average target of C$96.33, while several firms lifted targets into the C$100–106 range.
• Key fundamentals: market cap C$13.18B, P/E 20.39 and PEG 0.56, recent quarterly EPS C$1.02 and ROE 24.05%, though debt-to-equity (82.71) and a quick ratio of 0.59 suggest leverage and liquidity considerations.

Shares of Finning International Inc. (TSE:FTT - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$101.30 and last traded at C$100.54, with a volume of 141790 shares. The stock had previously closed at C$97.68.

Wall Street Analyst Weigh In

FTT has been the subject of a number of research reports. Canaccord Genuity Group raised their price objective on 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. TD Securities upped their target price on 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. Royal Bank Of Canada increased their target price on Finning International from C$89.00 to C$104.00 in a report on Thursday, February 12th. TD lifted their price target on shares of Finning International from C$104.00 to C$106.00 and gave the company a "buy" rating in a research report on Wednesday, April 15th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Finning International has an average rating of "Moderate Buy" and a consensus target price of C$96.33.

Finning International Price Performance

The stock has a market capitalization of C$13.18 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 0.56 and a beta of 0.70. The business has a fifty day simple moving average of C$90.90 and a 200 day simple moving average of C$82.67. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 82.71.

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