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

Finning International Inc. (TSE:FTT) has earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$114.78.

FTT has been the topic of a number of recent analyst reports. Scotiabank boosted 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. Raymond James Financial lifted their target price on Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Royal Bank Of Canada boosted their target price on Finning International from C$104.00 to C$130.00 in a report on Friday, May 15th. BMO Capital Markets increased their price target on Finning International from C$96.00 to C$115.00 in a research note on Thursday, May 14th. Finally, National Bank Financial set a C$115.00 price target on Finning International and gave the company an “outperform” rating in a report on Tuesday.

Insider Activity

In related news, insider Gary Samuel Megarrell sold 300 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$103.00, for a total value of C$30,900.00. Following the transaction, the insider owned 2,511 shares in the company, valued at approximately C$258,633. This represents a 10.67% decrease in their position. Also, insider Tim Arne Ferwerda sold 1,478 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the completion of the transaction, the insider directly owned 16,016 shares in the company, valued at approximately C$1,699,617.92. This represents a 8.45% decrease in their ownership of the stock. Insiders have sold a total of 7,813 shares of company stock valued at $827,102 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Finning International Stock Performance

Shares of FTT stock opened at C$96.44 on Friday. The company has a fifty day moving average price of C$99.62 and a two-hundred day moving average price of C$89.80. Finning International has a one year low of C$54.00 and a one year high of C$109.08. The stock has a market cap of C$12.59 billion, a P/E ratio of 18.95, a P/E/G ratio of 0.56 and a beta of 0.88. The company has a debt-to-equity ratio of 88.08, a current ratio of 1.61 and a quick ratio of 0.59.

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 net margin of 6.34% and a return on equity of 24.23%. The company had revenue of C$2.50 billion for the quarter. As a group, equities analysts predict that Finning International will post 4.244898 EPS for the current year.

About Finning International

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.