Brokerages Set Finning International Inc. (TSE:FTT) PT at C$116.78

Shares of Finning International Inc. (TSE:FTT) have received a consensus recommendation of “Buy” from the nine analysts that are covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is C$116.78.

A number of analysts have recently weighed in on FTT shares. National Bank Financial upped their target price on Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Scotiabank raised their price target on Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 7th. BMO Capital Markets boosted their price target on 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. Royal Bank Of Canada cut their price objective on shares of Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, TD increased their price objective on shares of Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th.

Finning International Stock Up 1.1%

TSE FTT opened at C$93.79 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86. The company has a market cap of C$12.20 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 0.56 and a beta of 0.78. The company has a 50 day moving average of C$96.43 and a 200-day moving average of C$95.62. Finning International has a 1-year low of C$57.06 and a 1-year high of C$109.58.

Finning International (TSE:FTT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%.The business had revenue of C$3.13 billion for the quarter. On average, equities research analysts expect that Finning International will post 4.244898 earnings per share for the current fiscal 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.