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

Finning International Inc. (TSE:FTT) has been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$27.75.

FTT has been the topic of a number of recent analyst reports. Stephens set a C$25.00 price target on shares of Finning International and gave the stock an “equal weight” rating in a research note on Thursday. BMO Capital Markets dropped their price objective on shares of Finning International from C$27.00 to C$26.00 in a research report on Thursday, August 8th. Raymond James raised shares of Finning International from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$27.00 to C$28.00 in a research report on Thursday, August 8th. CIBC dropped their price objective on shares of Finning International from C$34.00 to C$27.00 in a research report on Tuesday, July 16th. Finally, Canaccord Genuity lowered their price target on shares of Finning International from C$29.00 to C$27.00 in a report on Thursday, May 9th.

TSE:FTT traded down C$0.65 during trading hours on Thursday, reaching C$21.96. 230,216 shares of the company were exchanged, compared to its average volume of 522,099. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 113.16. The stock has a market cap of $3.76 billion and a price-to-earnings ratio of 18.55. Finning International has a 52-week low of C$21.36 and a 52-week high of C$33.05. The company’s 50 day moving average is C$23.26.



About Finning International

Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, agriculture, governmental, paving, and forestry, as well as various power system applications.

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Analyst Recommendations for Finning International (TSE:FTT)

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