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

Finning International Inc. (TSE:FTT) has earned a consensus recommendation of “Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is C$48.13.

Several equities analysts have recently weighed in on FTT shares. CIBC decreased their price objective on Finning International from C$50.00 to C$49.00 in a report on Monday. BMO Capital Markets reduced their price target on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Raymond James reduced their price target on Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Royal Bank of Canada reduced their price target on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Finally, Canaccord Genuity Group reduced their price target on Finning International from C$53.00 to C$51.00 in a report on Thursday, November 14th.

Finning International Stock Performance

FTT stock opened at C$41.16 on Friday. The business’s fifty day moving average is C$37.87 and its 200-day moving average is C$39.41. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71. The company has a market cap of C$5.74 billion, a P/E ratio of 11.73, a price-to-earnings-growth 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.

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