Finning International Inc. (TSE:FTT) Receives C$48.25 Consensus Target Price from Brokerages

Shares of Finning International Inc. (TSE:FTT - Get Free Report) have earned a consensus recommendation of "Buy" from the five analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$48.13.

A number of research firms have recently commented on FTT. Raymond James dropped their target price on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. CIBC dropped their price objective on shares of Finning International from C$50.00 to C$49.00 in a research note on Monday. Royal Bank of Canada decreased their target price on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. BMO Capital Markets dropped their price target on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group reduced their price objective on Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th.

Finning International Price Performance

TSE FTT traded up C$0.86 on Friday, hitting C$36.54. 622,334 shares of the company's stock were exchanged, compared to its average volume of 418,303. The stock has a 50-day moving average of C$37.80 and a 200-day moving average of C$39.40. The stock has a market cap of C$5.10 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 0.56 and a beta of 1.55. Finning International has a 52 week low of C$34.28 and a 52 week high of C$45.17. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71.

Finning International (TSE:FTT - Get Free Report) 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 return on equity of 20.14% and a net margin of 4.65%. During the same period in the prior year, the company earned $1.07 EPS. Analysts expect that Finning International will post 4.244898 earnings per share for the current year.

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.