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

Shares of Finning International Inc. (TSE:FTT) have been given a consensus recommendation of “Buy” by the five brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$49.33.

Several equities research analysts recently weighed in on FTT shares. Canaccord Genuity Group decreased their price objective on Finning International from C$53.00 to C$51.00 in a report on Thursday, November 14th. Raymond James reduced their target price on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Royal Bank of Canada dropped their price target on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. CIBC reduced their price objective on shares of Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. Finally, Canaccord Genuity Group boosted their target price on shares of Finning International from C$51.00 to C$55.00 in a report on Friday.

Insiders Place Their Bets

In other Finning International news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of C$42.10, for a total value of C$126,300.00. Corporate insiders own 0.10% of the company’s stock.

Finning International Stock Up 0.1 %

Finning International stock opened at C$42.61 on Friday. The firm has a 50 day moving average price of C$38.07 and a 200-day moving average price of C$39.44. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71. Finning International has a twelve month low of C$34.28 and a twelve month high of C$45.17. The company has a market capitalization of C$5.94 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.56 and a beta of 1.55.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$1.03 by C($0.10). Finning International had a net margin of 4.65% and a return on equity of 20.14%. During the same period in the prior year, the business earned $1.07 EPS. As a group, equities analysts predict that Finning International will post 4.244898 EPS for the current year.

Finning International Company Profile

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.