Finning International Inc. (TSE:FTT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Finning International Inc. (TSE:FTT) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$78.25.

A number of research analysts have weighed in on FTT shares. Raymond James Financial lifted their price target on shares of Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. BMO Capital Markets boosted their price objective on shares of Finning International from C$76.00 to C$85.00 in a research report on Thursday, November 13th. TD Securities upped their target price on shares of Finning International from C$81.00 to C$88.00 in a research note on Thursday, November 13th. Scotiabank lifted their price target on Finning International from C$71.00 to C$85.00 in a research note on Thursday, November 13th. Finally, CIBC boosted their price target on Finning International from C$77.00 to C$84.00 in a report on Thursday, November 13th.

Finning International Trading Down 1.2%

TSE FTT opened at C$76.28 on Friday. Finning International has a one year low of C$34.59 and a one year high of C$79.68. 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 firm has a market cap of C$10.02 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.56 and a beta of 0.79. The stock’s 50-day moving average is C$74.33 and its 200-day moving average is C$65.90.

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.