Finning International Inc. (TSE:FTT) Receives Consensus Rating of “Buy” from Analysts

Finning International Inc. (TSE:FTT) has been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$114.78.

A number of research firms have issued reports on FTT. Scotiabank lifted their target price on shares of Finning International from C$105.00 to C$109.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 28th. TD raised their target price on Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. BMO Capital Markets lifted their target price on Finning International from C$96.00 to C$115.00 in a research report on Thursday, May 14th. Raymond James Financial boosted their price target on shares of Finning International from C$100.00 to C$120.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Finning International from C$100.00 to C$120.00 in a research note on Thursday, May 14th.

Finning International Trading Down 5.3%

Shares of TSE FTT opened at C$94.90 on Friday. Finning International has a 12 month low of C$54.00 and a 12 month high of C$109.08. The business has a fifty day simple moving average of C$99.98 and a 200-day simple moving average of C$90.55. The company has a market cap of C$12.39 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 0.56 and a beta of 0.88. The company has a quick ratio of 0.59, a current ratio of 1.61 and a debt-to-equity ratio of 88.08.

Finning International (TSE:FTT) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$1.02 earnings per share for the quarter. The firm had revenue of C$2.50 billion for the quarter. Finning International had a return on equity of 24.23% and a net margin of 6.34%. Sell-side analysts predict that Finning International will post 4.244898 EPS for the current year.

Insider Activity at Finning International

In other Finning International news, insider Gary Samuel Megarrell sold 300 shares of Finning International stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$103.00, for a total transaction of C$30,900.00. Following the completion of the sale, the insider owned 2,511 shares of the company’s stock, valued at approximately C$258,633. The trade was a 10.67% decrease in their position. Also, insider Tim Arne Ferwerda sold 1,478 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$106.12, for a total value of C$156,845.36. Following the completion of the transaction, the insider directly owned 16,016 shares in the company, valued at C$1,699,617.92. The trade was a 8.45% decrease in their position. Insiders have sold 7,813 shares of company stock worth $827,102 over the last three months. 0.10% of the stock is owned by insiders.

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.