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

Finning International Inc. (TSE:FTT) has received a consensus recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$48.25.

Several equities research analysts recently issued reports on FTT shares. Royal Bank of Canada dropped their price target on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Raymond James cut their price target on Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Canaccord Genuity Group lowered their price objective on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. BMO Capital Markets reduced their target price on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Finally, CIBC upped their price target on shares of Finning International from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Thursday, December 12th.

Finning International Stock Up 0.1 %

Shares of TSE:FTT opened at C$37.55 on Tuesday. The company has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a 50 day moving average of C$38.73 and a two-hundred day moving average of C$39.70. Finning International has a 52-week low of C$34.28 and a 52-week high of C$45.17. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.