Finning International Inc. (TSE:FTT) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Finning International Inc. (TSE:FTT) have been given an average rating of “Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$49.33.

Several brokerages have issued reports on FTT. Canaccord Genuity Group increased their price target on Finning International from C$51.00 to C$55.00 in a report on Friday. Raymond James cut their target price on Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Royal Bank of Canada decreased their price target on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. BMO Capital Markets upped their price objective on shares of Finning International from C$45.00 to C$50.00 in a report on Friday. Finally, CIBC reduced their price objective on shares of Finning International from C$50.00 to C$49.00 in a report on Monday, February 3rd.

Finning International Stock Performance

TSE:FTT opened at C$42.61 on Friday. The firm has a market capitalization of C$5.94 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.56 and a beta of 1.55. Finning International has a twelve month low of C$34.28 and a twelve month high of C$45.17. The company has a fifty day moving average of C$38.07 and a 200-day moving average of C$39.44. 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 (TSE:FTT) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned $1.07 earnings per share. As a group, sell-side analysts anticipate that Finning International will post 4.244898 EPS for the current year.

Insider Activity

In other news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of C$42.10, for a total value of C$126,300.00. 0.10% of the stock is currently owned by corporate insiders.

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.