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

Shares of Finning International Inc. (TSE:FTT) have earned a consensus rating of “Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$48.00.

FTT has been the topic of several research analyst reports. Scotiabank set a C$51.00 price target on Finning International and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. BMO Capital Markets lowered their target price on Finning International from C$50.00 to C$46.00 in a report on Thursday. Canaccord Genuity Group cut their price target on Finning International from C$53.00 to C$51.00 in a research note on Thursday. TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and increased their price objective for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. Finally, CIBC cut their target price on shares of Finning International from C$50.00 to C$48.00 in a research report on Thursday.

Finning International Stock Performance

Shares of FTT opened at C$38.34 on Monday. 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 has a 52-week low of C$34.04 and a 52-week high of C$45.17. The company has a 50-day simple moving average of C$41.30 and a 200-day simple moving average of C$40.79. The company has a market capitalization of C$5.35 billion, a PE ratio of 10.92, a P/E/G ratio of 0.56 and a beta of 1.55.

About Finning International

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.