Finning International Inc. (FTT) Receives Average Rating of “Buy” from Brokerages

Shares of Finning International Inc. (TSE:FTT) have been assigned an average rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is C$37.34.

A number of brokerages recently commented on FTT. TD Securities boosted their target price on Finning International from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Canaccord Genuity boosted their target price on Finning International from C$33.00 to C$36.00 in a research report on Wednesday, October 18th. National Bank Financial boosted their target price on Finning International from C$33.00 to C$37.50 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Scotiabank boosted their target price on Finning International from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, BMO Capital Markets set a C$37.00 target price on Finning International and gave the company an “outperform” rating in a research report on Wednesday, November 8th.

In other Finning International news, insider Kevin Parkes sold 2,074 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of C$31.62, for a total transaction of C$65,579.88. Insiders have sold a total of 3,450 shares of company stock valued at $109,004 over the last three months.

Finning International (TSE FTT) opened at C$33.55 on Tuesday. Finning International has a 12-month low of C$23.76 and a 12-month high of C$36.48. The firm has a market capitalization of $5,640.00, a PE ratio of 34.59 and a beta of 1.04.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, November 7th. The company reported C$0.35 EPS for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.03. Finning International had a return on equity of 10.80% and a net margin of 3.36%.

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Finning International Company Profile

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.

Analyst Recommendations for Finning International (TSE:FTT)

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