Finning International Inc. (TSE:FTT) Given Average Recommendation of “Buy” by Analysts

Shares of Finning International Inc. (TSE:FTT) have been assigned an average recommendation of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$48.25.

Several equities analysts have commented on the stock. Royal Bank of Canada 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. Raymond James lowered their price objective on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. CIBC upped their target price on Finning International from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets lowered their price target on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group dropped their price objective on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th.

Finning International Price Performance

Shares of FTT opened at C$36.54 on Friday. Finning International has a one year low of C$34.28 and a one year high of C$45.17. The stock’s fifty day moving average is C$40.11 and its 200-day moving average is C$40.04. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. The firm has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55.

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.