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

Finning International Inc. (TSE:FTT) has earned an average rating of “Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$48.25.

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

Finning International Stock Down 6.5 %

Shares of Finning International stock opened at C$36.29 on Friday. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. The stock has a market cap of C$5.06 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.56 and a beta of 1.55. The firm’s 50-day moving average is C$37.88 and its two-hundred day moving average is C$39.45. Finning International has a 1 year low of C$34.28 and a 1 year 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 earnings per share (EPS) 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 previous year, the business earned $1.07 EPS. As a group, research analysts expect that Finning International will post 4.244898 earnings per share for the current fiscal 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.