Analysts Set Finning International Inc. (TSE:FTT) Price Target at C$48.25

Shares of Finning International Inc. (TSE:FTT) have received a consensus recommendation of “Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$48.13.

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

Finning International Trading Down 1.7 %

Shares of FTT stock opened at C$35.68 on Friday. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. Finning International has a fifty-two week low of C$34.28 and a fifty-two week high of C$45.17. The company has a market cap of C$4.98 billion, a PE ratio of 10.17, a P/E/G ratio of 0.56 and a beta of 1.55. The stock’s fifty day moving average price is C$37.84 and its two-hundred day moving average price is C$39.42.

Finning International (TSE:FTT) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.03 by C($0.10). Finning International had a net margin of 4.65% and a return on equity of 20.14%. During the same quarter in the prior year, the business earned $1.07 EPS. Equities analysts predict that Finning International will post 4.244898 EPS for the current fiscal 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.