National Bank Financial Weighs in on Finning International Inc.’s FY2019 Earnings (FTT)

Finning International Inc. (TSE:FTT) – Investment analysts at National Bank Financial issued their FY2019 EPS estimates for shares of Finning International in a research report issued to clients and investors on Tuesday. National Bank Financial analyst M. Sytchev forecasts that the company will earn $1.98 per share for the year. National Bank Financial currently has a “Outperform” rating and a $37.50 target price on the stock.

A number of other equities research analysts also recently issued reports on FTT. Canaccord Genuity boosted their price target on shares of 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 shares of 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. Scotiabank boosted their price target on shares of Finning International from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. TD Securities boosted their price target on shares of 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, CIBC boosted their price target on shares of Finning International from C$29.00 to C$31.00 in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Finning International has a consensus rating of “Buy” and a consensus price target of C$34.72.

Finning International (TSE:FTT) traded up C$0.54 during trading on Thursday, hitting C$33.55. 307,600 shares of the stock were exchanged, compared to its average volume of 259,792. The stock has a market cap of $5,640.00, a P/E ratio of 34.59 and a beta of 1.02. Finning International has a twelve month low of C$23.76 and a twelve month high of C$33.60.

In related news, insider Kevin Parkes sold 2,074 shares of Finning International stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of C$31.62, for a total value of C$65,579.88. Insiders sold 3,450 shares of company stock valued at $109,004 in the last 90 days.

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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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