Finning International Inc. (TSE:FTT) Receives C$45.63 Consensus Price Target from Brokerages

Finning International Inc. (TSE:FTTGet Rating) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the stock, reports. Three investment analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$45.63.

Several research firms have weighed in on FTT. Scotiabank raised their target price on shares of Finning International from C$45.00 to C$46.00 in a report on Friday, April 22nd. CIBC raised their target price on shares of Finning International from C$47.00 to C$50.00 in a report on Thursday, April 21st. Finally, Raymond James set a C$46.00 target price on shares of Finning International and gave the company an “outperform” rating in a report on Tuesday, May 10th.

Shares of FTT opened at C$25.84 on Tuesday. The company has a 50-day simple moving average of C$33.92 and a 200-day simple moving average of C$34.92. The company has a quick ratio of 0.58, a current ratio of 1.52 and a debt-to-equity ratio of 91.20. The company has a market capitalization of C$4.04 billion and a PE ratio of 10.71. Finning International has a 52-week low of C$25.56 and a 52-week high of C$40.22.

Finning International (TSE:FTTGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported C$0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.50 by C$0.09. The company had revenue of C$1.74 billion during the quarter, compared to analysts’ expectations of C$1.67 billion. On average, research analysts anticipate that Finning International will post 2.8199998 EPS for the current year.

In related news, Senior Officer David William Cummings sold 2,702 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of C$33.37, for a total value of C$90,165.74. Following the sale, the insider now directly owns 97,607 shares of the company’s stock, valued at C$3,257,145.59. Also, Director Harold N. Kvisle purchased 3,000 shares of Finning International stock in a transaction on Thursday, May 12th. The shares were acquired at an average cost of C$32.65 per share, for a total transaction of C$97,950.00. Following the completion of the transaction, the director now owns 38,000 shares of the company’s stock, valued at C$1,240,700.

Finning International Company Profile (Get Rating)

Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.

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Analyst Recommendations for Finning International (TSE:FTT)

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