Analysts Set Finning International Inc. (FTT) PT at $39.44

Finning International Inc. (TSE:FTT) has been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$39.44.

Several research firms have issued reports on FTT. Scotiabank increased their target price on shares of Finning International from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Monday, May 14th. TD Securities increased their target price on shares of Finning International from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Monday, May 14th. BMO Capital Markets increased their target price on shares of Finning International from C$39.00 to C$41.00 in a research note on Friday, May 11th. Canaccord Genuity increased their target price on shares of Finning International from C$37.00 to C$38.00 in a research note on Friday, May 11th. Finally, CIBC increased their target price on shares of Finning International from C$40.00 to C$41.00 in a research note on Friday, May 11th.

In other news, insider Sebastian Tomas Guridi sold 8,700 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of C$33.59, for a total transaction of C$292,233.00. Also, insider Yutronic Pedro Anton Damjanic sold 1,053 shares of the firm’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of C$33.20, for a total transaction of C$34,959.60. In the last 90 days, insiders have sold 11,453 shares of company stock worth $384,857.

Finning International traded up C$0.11, hitting C$33.84, on Monday, according to MarketBeat. The stock had a trading volume of 22,795 shares, compared to its average volume of 392,289. Finning International has a 52-week low of C$24.29 and a 52-week high of C$36.48.

Finning International (TSE:FTT) last posted its earnings results on Thursday, May 10th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.37 by C$0.02. Finning International had a net margin of 3.80% and a return on equity of 13.61%. The business had revenue of C$1.67 billion for the quarter, compared to analysts’ expectations of C$1.60 billion.

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, petroleum, and forestry, as well as various power system applications.

Analyst Recommendations for Finning International (TSE:FTT)

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