Finning International (TSE:FTT – Get Free Report) had its target price boosted by equities researchers at Scotiabank from C$53.00 to C$54.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 26.40% from the stock’s previous close.
A number of other brokerages also recently commented on FTT. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. CIBC reduced their price target on shares of Finning International from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. TD Securities boosted their price objective on Finning International from C$41.00 to C$43.00 and gave the company a “hold” rating in a report on Wednesday. Royal Bank of Canada decreased their target price on 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. Finally, National Bankshares raised their price objective on Finning International from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Finning International presently has a consensus rating of “Moderate Buy” and an average price target of C$49.13.
Check Out Our Latest Report on Finning International
Finning International Trading Up 1.2 %
Finning International (TSE:FTT – Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of C$2.54 billion. Finning International had a return on equity of 20.88% and a net margin of 4.97%. On average, sell-side analysts anticipate that Finning International will post 3.9857007 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. In other news, Senior Officer Kevin Parkes bought 3,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of C$36.14 per share, with a total value of C$108,420.00. Also, Senior Officer David Francis Neil Primrose sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. Corporate insiders own 0.12% of the company’s stock.
About Finning International
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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