Finning International (FTT) PT Lowered to C$38.00

Finning International (TSE:FTT) had its price objective lowered by investment analysts at CIBC from C$41.00 to C$38.00 in a note issued to investors on Wednesday. CIBC’s price target would indicate a potential upside of 40.90% from the company’s current price.

A number of other equities research analysts also recently weighed in on FTT. Raymond James decreased their target price on Finning International from C$38.50 to C$35.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets decreased their target price on Finning International from C$41.00 to C$40.00 in a research report on Thursday, August 9th. TD Securities lifted their target price on Finning International from C$40.00 to C$41.00 in a research report on Thursday, August 9th. Finally, Royal Bank of Canada lifted their target price on Finning International from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Seven equities research analysts have rated the stock with a buy rating, Finning International currently has a consensus rating of “Buy” and a consensus target price of C$39.25.

FTT stock traded down C$0.86 during trading on Wednesday, reaching C$26.97. 409,666 shares of the stock were exchanged, compared to its average volume of 408,834. Finning International has a twelve month low of C$26.23 and a twelve month high of C$36.48.

Finning International (TSE:FTT) last released its earnings results on Wednesday, August 8th. The company reported C$0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.48. The firm had revenue of C$1.73 billion for the quarter, compared to analyst estimates of C$1.73 billion.

Finning International Company Profile

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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Analyst Recommendations for Finning International (TSE:FTT)

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