Finning International (TSE:FTT – Get Free Report) had its price objective lifted by Scotiabank from C$52.00 to C$53.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 26.37% from the stock’s previous close.
Several other research firms have also recently weighed in on FTT. National Bankshares upgraded Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 price target for the company in a report on Thursday, February 8th. National Bank Financial upgraded shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, February 7th. Royal Bank of Canada lowered their price objective on shares of Finning International from C$50.00 to C$45.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. CIBC dropped their price objective on shares of Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Finally, TD Securities upped their target price on shares of Finning International from C$40.00 to C$41.00 and gave the company a “hold” rating in a research report on Monday, February 12th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Finning International has an average rating of “Moderate Buy” and a consensus price target of C$47.63.
View Our Latest Stock Report on FTT
Finning International Price Performance
Finning International (TSE:FTT – Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 EPS for the quarter, beating the consensus estimate of C$0.94 by C$0.02. The business had revenue of C$2.40 billion during the quarter, compared to the consensus estimate of C$2.54 billion. Finning International had a net margin of 4.97% and a return on equity of 20.88%. Equities research analysts forecast that Finning International will post 3.9857007 earnings per share for the current year.
Insiders Place Their Bets
In other Finning International news, Senior Officer Kevin Parkes bought 3,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of C$36.14 per share, with a total value of C$108,420.00. In related news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$36.00, for a total value of C$360,000.00. Also, Senior Officer Kevin Parkes acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average price of C$36.14 per share, with a total value of C$108,420.00. 0.12% of the stock is owned by insiders.
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.
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