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

Shares of Finning International Inc. (TSE:FTT) have earned an average rating of “Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$48.25.

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

Finning International Trading Down 6.5 %

Shares of Finning International stock opened at C$36.29 on Friday. The stock has a market cap of C$5.06 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The firm has a fifty day moving average price of C$37.88 and a 200 day moving average price of C$39.45. Finning International has a 1 year low of C$34.28 and a 1 year high of C$45.17. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.93 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.10). Finning International had a net margin of 4.65% and a return on equity of 20.14%. During the same period in the previous year, the business posted $1.07 EPS. Equities research analysts predict that Finning International will post 4.244898 earnings per share for the current year.

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.