Brokerages Set Finning International Inc. (TSE:FTT) Target Price at C$27.44

Shares of Finning International Inc. (TSE:FTT) have earned an average rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$27.81.

Several brokerages have recently weighed in on FTT. CIBC increased their price objective on shares of Finning International from C$27.00 to C$29.00 in a research note on Wednesday. Canaccord Genuity increased their price objective on shares of Finning International from C$27.00 to C$28.00 in a research note on Monday, January 13th. Raymond James set a C$26.50 price objective on shares of Finning International and gave the stock a “market perform” rating in a research note on Friday, January 10th. Royal Bank of Canada lowered their price objective on shares of Finning International from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, National Bank Financial decreased their target price on shares of Finning International from C$29.50 to C$29.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th.

In other Finning International news, Senior Officer David Francis Neil Primrose sold 2,454 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$24.78, for a total transaction of C$60,798.59. Following the sale, the insider now owns 27,144 shares in the company, valued at approximately C$672,500.74. Also, Senior Officer Marchello Marchese sold 2,266 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$25.31, for a total transaction of C$57,363.56. Following the sale, the insider now owns 36,575 shares in the company, valued at approximately C$925,892.47. In the last 90 days, insiders have sold 6,363 shares of company stock worth $158,031.

Shares of TSE:FTT traded up C$0.14 during trading on Friday, hitting C$24.86. The company’s stock had a trading volume of 286,500 shares, compared to its average volume of 183,068. The company has a 50-day moving average of C$24.75 and a 200-day moving average of C$23.45. Finning International has a 12 month low of C$21.17 and a 12 month high of C$26.49. The company has a debt-to-equity ratio of 108.85, a current ratio of 1.70 and a quick ratio of 0.64. The firm has a market cap of $4.04 billion and a price-to-earnings ratio of 16.58.

Finning International (TSE:FTT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.51 by C($0.02). The firm had revenue of C$1.82 billion for the quarter, compared to analysts’ expectations of C$1.90 billion. As a group, research analysts anticipate that Finning International will post 2.0100001 earnings per share for the current year.

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, agriculture, governmental, paving, and forestry, as well as various power system applications.

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Analyst Recommendations for Finning International (TSE:FTT)

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