Finning International (FTT) PT Raised to C$38.00 at Scotiabank
Finning International (TSE:FTT) had its price objective boosted by equities research analysts at Scotiabank from C$36.00 to C$38.00 in a research report issued to clients and investors on Thursday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 11.80% from the stock’s previous close.
Several other analysts also recently issued reports on FTT. Canaccord Genuity boosted their price target on Finning International from C$33.00 to C$36.00 in a research note on Wednesday, October 18th. Raymond James Financial boosted their price target on Finning International from C$32.00 to C$36.25 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. CIBC upgraded Finning International from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$31.00 to C$38.00 in a research note on Monday, January 15th. TD Securities boosted their price target on Finning International from C$32.00 to C$35.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets set a C$37.00 price target on Finning International and gave the company an “outperform” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$35.84.
Finning International (TSE FTT) opened at C$33.99 on Thursday. The firm has a market capitalization of $5,680.00, a P/E ratio of 35.04 and a beta of 1.02. Finning International has a 1-year low of C$23.76 and a 1-year high of C$36.48.
Finning International (TSE:FTT) last released its quarterly earnings results on Tuesday, November 7th. The company reported C$0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.32 by C$0.03. Finning International had a return on equity of 10.80% and a net margin of 3.36%.
In other news, insider Kevin Parkes sold 2,074 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of C$31.62, for a total transaction of C$65,579.88. Over the last quarter, insiders have sold 3,450 shares of company stock valued at $109,004.
About Finning International
Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.
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