Shares of Finning International Inc. (TSE:FTT) have earned an average recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$39.25.
Several analysts recently weighed in on the company. BMO Capital Markets cut their price target on Finning International from C$41.00 to C$40.00 in a research note on Thursday, August 9th. Raymond James cut their price target on Finning International from C$38.50 to C$35.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 7th. TD Securities upped their price objective on Finning International from C$40.00 to C$41.00 in a research report on Thursday, August 9th. Royal Bank of Canada upped their price objective on Finning International from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, August 9th. Finally, CIBC lowered their price objective on Finning International from C$41.00 to C$38.00 in a research report on Wednesday, November 7th.
Shares of Finning International stock traded down C$0.89 during midday trading on Monday, hitting C$24.80. The company had a trading volume of 321,335 shares, compared to its average volume of 426,436. The company has a debt-to-equity ratio of 72.75, a quick ratio of 0.80 and a current ratio of 2.13. Finning International has a 52-week low of C$24.65 and a 52-week high of C$36.48.
Finning International (TSE:FTT) last posted its quarterly earnings results on Monday, November 5th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.40 by C$0.05. The company had revenue of C$1.76 billion during the quarter. On average, research analysts anticipate that Finning International will post 2.14077956651631 EPS for the current year.
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, petroleum, and forestry, as well as various power system applications.
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