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

Shares of Finning International Inc. (TSE:FTTGet Free Report) have earned an average rating of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$116.78.

FTT has been the topic of several 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. Scotiabank boosted their price objective on Finning International from C$114.00 to C$118.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 7th. Raymond James Financial upped their price objective on shares of Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Royal Bank Of Canada lowered their target price on shares of Finning International from C$130.00 to C$129.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Finally, National Bank Financial lifted their target price on shares of Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research report on Friday, August 7th.

Check Out Our Latest Research Report on Finning International

Insider Activity at Finning International

In other news, insider Tim Arne Ferwerda sold 1,478 shares of the firm’s stock in a transaction on 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 sale, the insider owned 16,016 shares in the company, valued at approximately C$1,699,617.92. This trade represents a 8.45% decrease in their position. Over the last 90 days, insiders have sold 7,119 shares of company stock valued at $755,606. 0.10% of the stock is owned by corporate insiders.

Finning International Trading Down 0.4%

Finning International stock opened at C$91.61 on Friday. The stock has a market cap of C$11.92 billion, a P/E ratio of 21.86, a PEG ratio of 0.56 and a beta of 0.86. Finning International has a fifty-two week low of C$55.82 and a fifty-two week high of C$109.58. The firm’s fifty day moving average price is C$98.59 and its 200-day moving average price is C$95.35. The company has a debt-to-equity ratio of 86.86, a quick ratio of 0.59 and a current ratio of 1.47.

Finning International (TSE:FTTGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%.The company had revenue of C$3.13 billion during the quarter. Equities research analysts forecast that Finning International will post 4.244898 earnings per share for the current fiscal year.

Finning International Company Profile

(Get Free Report)

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.

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Analyst Recommendations for Finning International (TSE:FTT)

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