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

Shares of Finning International Inc. (TSE:FTT) have received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$78.25.

FTT has been the topic of a number of recent analyst reports. Raymond James Financial increased their target price on Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. CIBC upped their price target on shares of Finning International from C$77.00 to C$84.00 in a report on Thursday, November 13th. TD Securities raised their price target on shares of Finning International from C$81.00 to C$88.00 in a research note on Thursday, November 13th. National Bankshares lifted their price objective on shares of Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a report on Monday, December 15th. Finally, Scotiabank upped their target price on shares of Finning International from C$71.00 to C$85.00 in a research note on Thursday, November 13th.

Finning International Trading Up 0.7%

FTT opened at C$86.42 on Tuesday. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The stock’s 50 day moving average price is C$76.70 and its 200-day moving average price is C$68.27. Finning International has a one year low of C$34.59 and a one year high of C$86.99. The stock has a market cap of C$11.35 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 0.56 and a beta of 0.79.

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.