Finning International (TSE:FTT) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a report released on Monday. The firm presently has a C$38.00 price objective on the stock, up from their previous price objective of C$31.00. CIBC’s price objective indicates a potential upside of 13.26% from the stock’s current price.

Several other research analysts also recently commented on the company. TD Securities lifted their price target on Finning International from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. National Bank Financial lifted their price target on Finning International from C$33.00 to C$37.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. BMO Capital Markets set a C$37.00 price target on Finning International and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Scotiabank lifted their price target on Finning International from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Finally, Raymond James Financial lifted their price target on Finning International from C$32.00 to C$36.25 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$35.59.

Shares of Finning International (FTT) traded up C$0.54 during midday trading on Monday, reaching C$33.55. The company’s stock had a trading volume of 307,616 shares, compared to its average volume of 259,792. The company has a market cap of $5,760.00, a P/E ratio of 34.59 and a beta of 1.02. Finning International has a 52 week low of C$23.76 and a 52 week high of C$33.60.

In other news, insider Kevin Parkes sold 2,074 shares of Finning International stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of C$31.62, for a total transaction of C$65,579.88. Insiders have sold a total of 3,450 shares of company stock worth $109,004 in the last three months.

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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.

Analyst Recommendations for Finning International (TSE:FTT)

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