Finning International Inc. (TSE:FTT – Free Report) – Equities research analysts at Raymond James reduced their FY2024 earnings per share (EPS) estimates for shares of Finning International in a report issued on Thursday, November 14th. Raymond James analyst S. Hansen now forecasts that the company will earn $3.70 per share for the year, down from their prior forecast of $3.95. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.
A number of other equities analysts have also recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. TD Securities raised Finning International from a “hold” rating to a “buy” rating and increased their price target for the company from C$43.00 to C$45.00 in a report on Friday, August 9th. CIBC dropped their price objective on Finning International from C$50.00 to C$48.00 in a report on Thursday, November 14th. BMO Capital Markets cut their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Finally, Scotiabank set a C$51.00 price target on shares of Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$48.00.
Finning International Price Performance
Shares of FTT stock opened at C$37.22 on Monday. The firm has a fifty day simple moving average of C$41.23 and a 200-day simple moving average of C$40.73. The company has a market capitalization of C$5.19 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. Finning International has a twelve month low of C$34.04 and a twelve month 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 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.
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