Finning International Inc. (TSE:FTT) Receives C$78.25 Consensus Price Target from Analysts

Shares of Finning International Inc. (TSE:FTT) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$78.25.

Several research analysts have recently commented on FTT shares. BMO Capital Markets raised their price target on Finning International from C$76.00 to C$85.00 in a research report on Thursday, November 13th. National Bankshares increased their target price on Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a research note on Monday, December 15th. CIBC raised their target price on Finning International from C$77.00 to C$84.00 in a report on Thursday, November 13th. Raymond James Financial lifted their target price on Finning International from C$68.00 to C$85.00 in a research report on Thursday, November 13th. Finally, Scotiabank boosted their price target on shares of Finning International from C$71.00 to C$85.00 in a research note on Thursday, November 13th.

Finning International Price Performance

Shares of FTT opened at C$87.92 on Tuesday. The firm has a 50-day simple moving average of C$77.65 and a two-hundred day simple moving average of C$68.75. The stock has a market cap of C$11.55 billion, a PE ratio of 17.34, a P/E/G ratio of 0.56 and a beta of 0.79. Finning International has a 1-year low of C$34.59 and a 1-year high of C$89.85. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59.

Finning International Company Profile

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.