BMO Capital Reiterates a Buy Rating on Finning International

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Finning International (TSX: FTT). Analyst Devin Dodge from BMO Capital rated Finning International (TSX: FTT) a Buy on yesterday, setting a C$30 price target.

According to TipRanks.com, Dodge is ranked #3490 out of 4567 analysts.

Currently, the analyst consensus on Finning International is Moderate Buy and the average price target is C$29, representing an 11.5% upside.

In a report issued on May 10, Scotiabank also maintained a Buy rating on the stock with a C$30 price target.

Finning International’s market cap is currently C$4.33B and has a P/E ratio of 44.3.

Finning International, Inc. engages in the distribution of construction, mining and farming machinery under the Caterpillar brand. The company sales, rents and provides parts and support services for equipment and engines to the customers. It provide products across mining, construction, power systems, forestry and other industrial markets. The company was founded by Earl B. Finning on January 4, 1933 and is headquartered in Vancouver, Canada.

The company’s shares closed last Thursday at $26.01.