Finning International Inc. (TSE:FTT) had its price objective boosted by TD Securities from C$32.00 to C$35.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 10.48% from the company’s current price.
A number of other analysts have also issued reports on FTT. Scotiabank boosted their price target on shares of Finning International from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. CIBC boosted their price target on shares of Finning International from C$28.00 to C$29.00 in a research note on Thursday, August 10th. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$32.00.
Finning International (TSE FTT) opened at 31.68 on Wednesday. Finning International has a one year low of $23.54 and a one year high of $31.82. The company has a market capitalization of $5.33 billion and a PE ratio of 36.41. The firm’s 50-day moving average is $28.88 and its 200 day moving average is $26.71.
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In related news, insider Cristian Chavez sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of C$27.90, for a total value of C$83,700.00. Also, insider David William Cummings purchased 9,500 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average cost of C$28.50 per share, with a total value of C$270,750.00.
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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