TD Securities Boosts Finning International Inc. (FTT) Price Target to C$25.00
Finning International Inc. (TSE:FTT) had its price target lifted by equities researchers at TD Securities from C$20.00 to C$25.00 in a research note issued to investors on Wednesday, StockTargetPrices.com reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential downside of 1.85% from the company’s current price.
Other research analysts also recently issued reports about the company. Scotiabank boosted their price target on Finning International from C$23.50 to C$28.50 and gave the company an “outperform” rating in a report on Wednesday. CIBC cut their price target on Finning International from C$20.50 to C$20.00 and set an “underperform” rating for the company in a report on Wednesday, June 29th. Raymond James Financial Inc. boosted their price target on Finning International from C$22.50 to C$24.00 and gave the company a “market perform” rating in a report on Monday, September 26th. Finally, National Bank Financial upgraded Finning International from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from C$20.00 to C$23.00 in a report on Friday, September 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$21.45.
Shares of Finning International (TSE:FTT) traded down 0.16% during mid-day trading on Wednesday, reaching $25.43. The company’s stock had a trading volume of 782,097 shares. The stock’s market capitalization is $4.27 billion. The company’s 50-day moving average price is $24.03 and its 200-day moving average price is $22.21. Finning International has a 12-month low of $16.37 and a 12-month high of $26.31.
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In related news, insider Jean Gail Sexsmith sold 2,850 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of C$23.85, for a total transaction of C$67,972.50.
About Finning International
Finning International Inc is a Caterpillar Inc (Caterpillar) dealer. The Company sells, rents and provides parts and service for equipment and engines to customers in mining, construction, petroleum and forestry industries. It operates through three segments: Canadian operations, South American operations, and UK & Ireland operations.
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