Finning International (TSE:FTT) Reaches New 52-Week High - Should You Buy?

Key Points

• Finning International shares reached a new 52-week high, trading around C$108.70 and giving the company a market capitalization of approximately C$14.23 billion.
• Analyst sentiment remains positive: all 10 analysts rate the stock a Buy, with a consensus price target of C$117.80. Recent firms raised their targets, while Stifel Nicolaus set the highest target at C$127.
• The company reported quarterly earnings of C$1.22 per share on C$3.13 billion in revenue, with a 4.93% net margin and 19.22% return on equity; analysts expect full-year EPS of about C$4.24.

Finning International Inc. (TSE:FTT - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$108.33 and last traded at C$108.70, with a volume of 104495 shares trading hands. The stock had previously closed at C$108.24.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FTT. BMO Capital Markets raised their price objective on shares of Finning International from C$118.00 to C$122.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Scotiabank increased their price target on Finning International from C$114.00 to C$118.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 7th. Stifel Nicolaus set a C$127.00 price target on Finning International and gave the company a "buy" rating in a research report on Wednesday. Royal Bank Of Canada dropped their price objective on Finning International from C$130.00 to C$129.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Finally, National Bank Financial upped their price objective on Finning International from C$115.00 to C$118.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$117.80.

Finning International Price Performance

The firm has a market capitalization of C$14.23 billion, a P/E ratio of 26.10, a P/E/G ratio of 0.56 and a beta of 0.78. The business's fifty day moving average is C$95.72 and its 200 day moving average is C$96.38. The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86.

Finning International (TSE:FTT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. The firm had revenue of C$3.13 billion during the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. As a group, analysts forecast that Finning International Inc. will post 4.244898 EPS for the current year.

Finning International Company Profile

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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