Finning International Inc. (TSE:FTT) Set to Announce Earnings on Wednesday
Finning International Inc. (TSE:FTT) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 9th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Finning International Inc. (FTT) opened at 25.91 on Tuesday. Finning International Inc. has a 1-year low of $21.28 and a 1-year high of $28.02. The stock has a market capitalization of $4.36 billion and a PE ratio of 45.46. The stock’s 50 day moving average price is $25.33 and its 200 day moving average price is $25.59.
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Several equities research analysts have recently weighed in on FTT shares. Canaccord Genuity upgraded Finning International from a “hold” rating to a “buy” rating and increased their price target for the stock from C$26.00 to C$30.00 in a report on Tuesday, May 2nd. National Bank Financial upgraded Finning International from a “sector perform overweight” rating to an “outperform overweight” rating and increased their price target for the stock from C$23.00 to C$31.50 in a report on Monday, May 8th. Royal Bank Of Canada increased their price target on Finning International from C$26.00 to C$28.00 and gave the stock a “sector perform” rating in a report on Thursday, May 11th. Raymond James Financial, Inc. upgraded Finning International from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$25.50 to C$29.50 in a report on Thursday, May 11th. Finally, TD Securities increased their price target on Finning International from C$27.00 to C$29.00 and gave the stock a “hold” rating in a report on Thursday, May 11th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$29.38.
In other news, insider Gregory Palaschuk acquired 4,000 shares of Finning International stock in a transaction on Friday, May 12th. The shares were bought at an average cost of C$26.80 per share, for a total transaction of C$107,200.00.
Finning International Company Profile
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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