Finning International Inc. (TSE:FTT) – Investment analysts at National Bank Financial reduced their Q1 2020 EPS estimates for shares of Finning International in a research report issued to clients and investors on Wednesday, February 12th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $0.36 per share for the quarter, down from their prior forecast of $0.45. National Bank Financial currently has a “Outperform” rating and a $28.00 target price on the stock. National Bank Financial also issued estimates for Finning International’s Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.48 EPS, FY2020 earnings at $1.75 EPS and FY2021 earnings at $1.96 EPS.
A number of other research firms also recently issued reports on FTT. BMO Capital Markets lowered their target price on Finning International from C$26.00 to C$24.00 in a research report on Thursday. TD Securities lowered their target price on Finning International from C$29.00 to C$27.00 and set a “buy” rating on the stock in a research report on Thursday. Canaccord Genuity lowered their target price on Finning International from C$28.00 to C$24.00 in a research report on Thursday. Royal Bank of Canada lowered their target price on Finning International from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Raymond James reaffirmed a “market perform” rating and issued a C$24.00 target price on shares of Finning International in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Finning International has a consensus rating of “Buy” and a consensus target price of C$26.13.
TSE:FTT opened at C$21.37 on Friday. The company has a debt-to-equity ratio of 108.85, a quick ratio of 0.64 and a current ratio of 1.70. The stock’s 50-day simple moving average is C$24.24 and its 200 day simple moving average is C$23.47. The company has a market cap of $3.47 billion and a P/E ratio of 14.26. Finning International has a 52-week low of C$21.17 and a 52-week high of C$26.49.
In other Finning International news, Senior Officer David Francis Neil Primrose purchased 2,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of C$21.40 per share, with a total value of C$42,800.00. Following the completion of the transaction, the insider now directly owns 29,841 shares in the company, valued at C$638,597.40. Also, Senior Officer Marchello Marchese sold 2,266 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$25.31, for a total value of C$57,363.56. Following the transaction, the insider now directly owns 36,575 shares in the company, valued at approximately C$925,892.47. In the last ninety days, insiders sold 5,841 shares of company stock worth $145,284.
About Finning International
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, agriculture, governmental, paving, and forestry, as well as various power system applications.
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