Finning International (TSE:FTT – Get Free Report) had its price objective increased by research analysts at CIBC from C$45.00 to C$49.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential upside of 14.70% from the company’s current price.
A number of other equities analysts also recently commented on the stock. Scotiabank raised their target price on shares of Finning International from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada boosted their price objective on Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Wednesday. National Bankshares increased their target price on Finning International from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets boosted their price target on Finning International from C$47.00 to C$48.00 in a research report on Wednesday. Finally, National Bank Financial raised shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Finning International has an average rating of “Moderate Buy” and a consensus target price of C$49.13.
Read Our Latest Research Report on FTT
Finning International Trading Up 1.2 %
Finning International (TSE:FTT – Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.94 by C$0.02. Finning International had a return on equity of 20.88% and a net margin of 4.97%. The business had revenue of C$2.40 billion during the quarter, compared to analysts’ expectations of C$2.54 billion. Equities research analysts forecast that Finning International will post 3.9857007 EPS for the current fiscal year.
Insider Activity
In other Finning International news, Senior Officer Kevin Parkes bought 3,000 shares of the stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of C$36.14 per share, for a total transaction of C$108,420.00. In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total value of C$360,000.00. Also, Senior Officer Kevin Parkes acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average price of C$36.14 per share, for a total transaction of C$108,420.00. Company insiders own 0.12% of the company’s stock.
Finning International Company Profile
Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.
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