Finning International Inc. (TSE:FTT) Stock Has Consensus Price Target of C$117.80 According to Analysts

by · The Cerbat Gem

Finning International Inc. (TSE:FTT – Get Free Report) has been assigned a consensus rating of “Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$117.80.

Several analysts recently weighed in on FTT shares. Canadian Imperial Bank of Commerce reduced their price objective on Finning International from C$122.00 to C$120.00 in a research note on Thursday. Stifel Nicolaus set a C$127.00 target price on Finning International and gave the company a “buy” rating in a research report on Wednesday, September 30th. National Bank Financial boosted their target price 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. Scotiabank raised their price target on shares of Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 7th. Finally, BMO Capital Markets raised their price target on shares of Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research note on Friday, August 7th.

Read Our Latest Research Report on FTT

Finning International Price Performance

FTT stock opened at C$92.57 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.47 and a debt-to-equity ratio of 86.86. Finning International has a 12 month low of C$70.67 and a 12 month high of C$115.60. The firm has a market cap of C$12.04 billion, a P/E ratio of 22.09, a P/E/G ratio of 0.56 and a beta of 0.48. The company’s 50-day moving average price is C$98.88 and its two-hundred day moving average price is C$95.59.

Finning International (TSE:FTT – Get Free Report) last issued 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 company had revenue of C$3.13 billion during the quarter. On average, analysts anticipate that Finning International will post 4.24 earnings per share for the current fiscal year.

About Finning International

(Get Free Report)

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.

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