Finning International (TSE:FTT) Raised to “Strong-Buy” at Stifel Nicolaus

Finning International (TSE:FTT) was upgraded by stock analysts at Stifel Nicolaus to a “strong-buy” rating in a report issued on Monday, Zacks reports.

FTT has been the topic of several other research reports. BMO Capital Markets lifted their price target on shares of Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Scotiabank increased their price objective on Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 7th. National Bank Financial raised their price objective on Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Royal Bank Of Canada reduced their price objective on Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Finally, TD lifted their target price on Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$117.80.

Finning International Stock Performance

Shares of FTT opened at C$109.04 on Monday. The firm’s 50 day moving average is C$95.75 and its 200-day moving average is C$96.52. The stock has a market capitalization of C$14.19 billion, a P/E ratio of 26.02, a P/E/G ratio of 0.56 and a beta of 0.78. 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 12-month low of C$64.35 and a 12-month high of C$109.58.

Finning International (TSE:FTT) last released its earnings results on Wednesday, August 5th. The company reported C$1.22 EPS for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. The business had revenue of C$3.13 billion for the quarter. Equities research analysts anticipate that Finning International will post 4.244898 EPS for the current fiscal year.

About Finning International

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.