National Bank Financial Weighs in on Finning International Inc.’s Q3 2017 Earnings (FTT)
Finning International Inc. (TSE:FTT) – Investment analysts at National Bank Financial issued their Q3 2017 EPS estimates for shares of Finning International in a research note issued on Sunday. National Bank Financial analyst M. Sytchev anticipates that the company will post earnings per share of $0.32 for the quarter.
Several other equities analysts have also commented on FTT. Scotiabank increased their price objective on Finning International from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. CIBC increased their price objective on Finning International from C$28.00 to C$29.00 in a research report on Thursday, August 10th. TD Securities raised their price target on Finning International from C$29.00 to C$32.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Canaccord Genuity raised their price target on Finning International from C$33.00 to C$36.00 in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$31.25.
Shares of Finning International (TSE FTT) opened at 31.36 on Wednesday. The company has a market capitalization of $5.27 billion and a PE ratio of 36.05. The stock’s 50 day moving average price is $28.79 and its 200 day moving average price is $26.67. Finning International has a 12-month low of $23.54 and a 12-month high of $31.77.
In related news, insider David William Cummings purchased 9,500 shares of Finning International stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average cost of C$28.50 per share, for a total transaction of C$270,750.00. Also, insider Cristian Chavez sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of C$27.90, for a total value of C$83,700.00.
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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