Finning International Inc. (TSE:FTT) Receives C$48.00 Average PT from Analysts

Finning International Inc. (TSE:FTT) has been assigned a consensus recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$48.00.

A number of research analysts recently issued reports on FTT shares. BMO Capital Markets decreased 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 decreased their price objective on shares of Finning International from C$50.00 to C$48.00 in a research note on Thursday, November 14th. Scotiabank set a C$51.00 target price on shares of Finning International and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$43.00 to C$45.00 in a research note on Friday, August 9th. Finally, Canaccord Genuity Group decreased their target price on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th.

Finning International Stock Performance

Shares of TSE:FTT opened at C$37.92 on Monday. The company’s 50 day simple moving average is C$41.20 and its 200 day simple moving average is C$40.61. The stock has a market capitalization of C$5.29 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. Finning International has a 1 year low of C$34.04 and a 1 year high of C$45.17.

About Finning International

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.