Shares of Finning (TSE:FTT) have received a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$38.41.
Several equities research analysts have issued reports on the company. Scotiabank raised their price target on Finning from C$36.00 to C$38.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Royal Bank of Canada set a C$40.00 price target on Finning and gave the company an “outperform” rating in a report on Monday, February 5th. National Bank Financial raised their price target on Finning from C$37.50 to C$39.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. CIBC raised Finning from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$31.00 to C$38.00 in a report on Monday, January 15th. Finally, TD Securities raised their price target on Finning from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Wednesday, February 7th.
In other news, insider Juan Carlos Villegas sold 70,632 shares of Finning stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of C$34.34, for a total transaction of C$2,425,502.88.
Shares of Finning stock opened at C$31.75 on Friday. Finning has a 1 year low of C$23.76 and a 1 year high of C$36.48.
Finning (TSE:FTT) last announced its quarterly earnings results on Tuesday, February 6th. The company reported C$0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.04. Finning had a return on equity of 13.61% and a net margin of 3.80%. The business had revenue of C$1.74 billion during the quarter, compared to the consensus estimate of C$1.56 billion.
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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, petroleum, and forestry, as well as various power system applications.
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