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

Finning International Inc. (TSE:FTT) has been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$114.22.

A number of brokerages have issued reports on FTT. TD Securities raised their target price on Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Royal Bank Of Canada raised their price target on Finning International from C$104.00 to C$130.00 in a research report on Friday, May 15th. Scotiabank raised their price target on Finning International from C$105.00 to C$109.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, April 28th. BMO Capital Markets raised their price target on Finning International from C$96.00 to C$115.00 in a research report on Thursday, May 14th. Finally, Canaccord Genuity Group raised their price target on Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, February 9th.

Finning International Price Performance

Shares of FTT opened at C$104.13 on Monday. The company has a current ratio of 1.61, a quick ratio of 0.59 and a debt-to-equity ratio of 88.08. Finning International has a 1 year low of C$49.83 and a 1 year high of C$107.53. The stock has a market cap of C$13.60 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 0.56 and a beta of 0.70. The stock’s 50-day moving average price is C$94.41 and its two-hundred day moving average price is C$86.25.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, May 12th. The company reported C$1.02 earnings per share (EPS) for the quarter. Finning International had a return on equity of 24.23% and a net margin of 6.34%.The firm had revenue of C$2.50 billion for the quarter. On average, equities analysts predict that Finning International will post 4.244898 earnings per share for the current year.

Insider Activity at Finning International

In other news, insider Gary Samuel Megarrell sold 300 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$103.00, for a total transaction of C$30,900.00. Following the sale, the insider owned 2,511 shares of the company’s stock, valued at C$258,633. This trade represents a 10.67% decrease in their ownership of the stock. Insiders sold a total of 694 shares of company stock worth $71,496 over the last quarter. Company insiders own 0.10% of the company’s stock.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.