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

Shares of Finning International Inc. (TSE:FTT) have received an average rating of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is C$116.78.

FTT has been the topic of several research analyst reports. Raymond James Financial increased their target price on shares of Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. National Bank Financial upped their price objective on shares of Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Scotiabank lifted their price objective 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. Canadian Imperial Bank of Commerce boosted their target price on shares of Finning International from C$100.00 to C$120.00 in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada decreased their price target on Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a report on Monday, August 10th.

Insider Activity

In other news, insider Tim Arne Ferwerda sold 1,478 shares of the stock in a transaction 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 completion of the transaction, the insider owned 16,016 shares in the company, valued at approximately C$1,699,617.92. This represents a 8.45% decrease in their position. In the last ninety days, insiders have sold 7,119 shares of company stock worth $755,606. Company insiders own 0.10% of the company’s stock.

Finning International Stock Performance

Shares of Finning International stock opened at C$94.16 on Friday. The company has a debt-to-equity ratio of 86.86, a current ratio of 1.47 and a quick ratio of 0.59. Finning International has a fifty-two week low of C$55.82 and a fifty-two week high of C$109.58. The firm has a market capitalization of C$12.25 billion, a P/E ratio of 22.47, a P/E/G ratio of 0.56 and a beta of 0.86. The company’s 50 day moving average price is C$99.02 and its two-hundred day moving average price is C$95.15.

Finning International (TSE:FTT) last posted its earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. The firm had revenue of C$3.13 billion for the quarter. On average, equities analysts forecast that Finning International will post 4.244898 earnings per share for the current fiscal year.

Finning International Company Profile

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.