Finning International Inc. (TSE:FTT) Receives C$115.78 Average Target Price from Analysts

Shares of Finning International Inc. (TSE:FTT) have been given an average recommendation of “Buy” by the eight brokerages that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$115.78.

Several research firms have recently issued reports on FTT. Raymond James Financial boosted their price objective on shares of Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. BMO Capital Markets upped their target price on Finning International from C$96.00 to C$115.00 in a research note on Thursday, May 14th. Scotiabank boosted their price target on shares of Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 7th. National Bank Financial set a C$115.00 target price on shares of Finning International and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Finally, TD raised their price target 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.

Insider Activity

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

Finning International Stock Performance

Shares of FTT opened at C$107.90 on Tuesday. The company has a market capitalization of C$14.09 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 0.56 and a beta of 0.88. The company has a debt-to-equity ratio of 88.08, a current ratio of 1.61 and a quick ratio of 0.59. Finning International has a one year low of C$54.00 and a one year high of C$109.58. The company’s fifty day moving average price is C$101.26 and its 200 day moving average price is C$93.70.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. The business 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%. As a group, analysts expect that Finning International will post 4.244898 earnings per share for the current year.

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.