Finning International (TSE:FTT – Get Free Report) had its price target boosted by investment analysts at Royal Bank of Canada from C$45.00 to C$49.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 14.70% from the company’s previous close.
A number of other research firms have also commented on FTT. National Bank Financial upgraded Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, February 7th. National Bankshares upped their price target on Finning International from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Wednesday. Scotiabank raised their price objective on shares of Finning International from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities boosted their target price on shares of Finning International from C$41.00 to C$43.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, CIBC reduced their price target on shares of Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Finning International currently has an average rating of “Moderate Buy” and a consensus target price of C$49.13.
View Our Latest Stock Report on Finning International
Finning International Stock Up 1.2 %
Finning International (TSE:FTT – Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 earnings per share (EPS) for the quarter, topping 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 predict that Finning International will post 3.9857007 EPS for the current year.
Insider Buying and Selling at Finning International
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 value of C$360,000.00. In related news, Senior Officer Kevin Parkes acquired 3,000 shares of the firm’s stock in a transaction on 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. Also, Senior Officer David Francis Neil Primrose sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. Company 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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