Finning International Inc. (TSE:FTT) Receives Consensus Rating of “Buy” from Brokerages
Shares of Finning International Inc. (TSE:FTT) have been assigned an average rating of “Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$29.38.
A number of research analysts have recently weighed in on FTT shares. National Bank Financial increased their target price on shares of Finning International from C$23.00 to C$31.50 and gave the company an “outperform” rating in a research report on Monday, May 15th. Raymond James Financial, Inc. raised shares of Finning International from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$25.50 to C$29.50 in a report on Thursday, May 11th. Canaccord Genuity raised shares of Finning International from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$26.00 to C$30.00 in a report on Tuesday, May 2nd. Royal Bank Of Canada increased their target price on shares of Finning International from C$26.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 11th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$30.00 target price on shares of Finning International in a research note on Thursday, May 25th.
Finning International (TSE FTT) traded down 1.063% during trading on Friday, reaching $24.675. The company had a trading volume of 31,022 shares. Finning International has a one year low of $20.63 and a one year high of $28.02. The company has a market capitalization of $4.15 billion and a price-to-earnings ratio of 43.289. The company has a 50-day moving average price of $25.65 and a 200 day moving average price of $25.65.
In other Finning International news, insider Gregory Palaschuk bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average price of C$26.80 per share, for a total transaction of C$107,200.00.
Finning International Company Profile
Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.
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