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

Shares of Finning International Inc. (TSE:FTT) have received an average rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is C$115.78.

FTT has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce raised their price target on Finning International from C$100.00 to C$120.00 in a report on Thursday, May 14th. National Bank Financial set a C$115.00 price objective on Finning International and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. TD boosted their price objective on Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Raymond James Financial increased their target price on Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada raised their target price on Finning International from C$104.00 to C$130.00 in a research note on Friday, May 15th.

Insider Transactions at Finning International

In other Finning International news, insider Gary Samuel Megarrell sold 300 shares of the business’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 completion of the transaction, the insider directly owned 2,511 shares of the company’s stock, valued at approximately C$258,633. The trade was a 10.67% decrease in their ownership of the stock. Also, insider Tim Arne Ferwerda sold 1,478 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was 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 of the company’s stock, valued at approximately C$1,699,617.92. This represents a 8.45% decrease in their ownership of the stock. In the last three months, insiders have sold 7,813 shares of company stock worth $827,102. Insiders own 0.10% of the company’s stock.

Finning International Price Performance

TSE:FTT opened at C$103.06 on Tuesday. The firm has a market cap of C$13.46 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 0.56 and a beta of 0.88. The company’s 50-day moving average price is C$100.85 and its two-hundred day moving average price is C$92.93. The company has a quick ratio of 0.59, a current ratio of 1.61 and a debt-to-equity ratio of 88.08. Finning International has a 12 month low of C$54.00 and a 12 month high of C$109.58.

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

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.