Finning International Inc. (TSE:FTT – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$97.87 and traded as high as C$105.99. Finning International shares last traded at C$104.83, with a volume of 620,175 shares traded.
Analysts Set New Price Targets
A number of equities research analysts recently commented on FTT shares. Royal Bank Of Canada decreased their price target on Finning International from C$130.00 to C$129.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. National Bank Financial raised their price target on Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. BMO Capital Markets lifted their price objective on Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Stifel Nicolaus set a C$127.00 price objective on Finning International and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Finally, 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 research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$117.80.
Read Our Latest Stock Analysis on FTT
Finning International Price Performance
The company has a debt-to-equity ratio of 86.86, a current ratio of 1.47 and a quick ratio of 0.59. The company’s 50 day moving average price is C$97.73 and its 200 day moving average price is C$97.98. The firm has a market capitalization of C$13.30 billion, a P/E ratio of 24.39, a PEG ratio of 0.56 and a beta of 0.48.
Finning International (TSE:FTT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. The business had revenue of C$3.13 billion during the quarter. As a group, sell-side analysts anticipate that Finning International Inc. will post 4.24 EPS for the current fiscal year.
About Finning International
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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