Finning International (TSE:FTT) Price Target Increased to C$46.00 by Analysts at Scotiabank

Finning International (TSE:FTTGet Rating) had its price target increased by research analysts at Scotiabank from C$45.00 to C$46.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 23.79% from the company’s previous close.

A number of other brokerages have also commented on FTT. Raymond James boosted their target price on Finning International from C$43.00 to C$44.00 and gave the company an “outperform” rating in a research report on Wednesday, February 9th. Canaccord Genuity Group boosted their price objective on Finning International from C$44.00 to C$46.00 in a report on Thursday, February 10th. TD Securities boosted their price objective on Finning International from C$45.00 to C$46.00 and gave the stock a “buy” rating in a report on Thursday, February 10th. National Bank Financial boosted their price objective on Finning International to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, January 5th. Finally, BMO Capital Markets boosted their price objective on Finning International from C$35.00 to C$38.00 in a report on Thursday, February 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Finning International has an average rating of “Buy” and an average price target of C$45.10.

Finning International stock traded down C$2.18 during midday trading on Friday, reaching C$37.16. The stock had a trading volume of 291,470 shares, compared to its average volume of 383,677. Finning International has a 12 month low of C$29.71 and a 12 month high of C$40.22. The company has a market capitalization of C$5.86 billion and a P/E ratio of 16.62. The company has a fifty day moving average price of C$37.87 and a two-hundred day moving average price of C$35.21. The company has a current ratio of 1.68, a quick ratio of 0.82 and a debt-to-equity ratio of 77.38.

Finning International (TSE:FTTGet Rating) last issued its earnings results on Tuesday, February 8th. The company reported C$0.65 EPS for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.17. The firm had revenue of C$1.77 billion during the quarter, compared to the consensus estimate of C$1.76 billion. On average, equities research analysts predict that Finning International will post 2.6993891 earnings per share for the current fiscal year.

In other news, Senior Officer David Francis Neil Primrose sold 4,892 shares of the business’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of C$38.31, for a total value of C$187,418.39. Following the transaction, the insider now owns 31,612 shares in the company, valued at approximately C$1,211,093.65. Also, Senior Officer Anna Pia Marks sold 6,330 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of C$37.86, for a total value of C$239,639.24. Following the completion of the transaction, the insider now owns 28,816 shares in the company, valued at approximately C$1,090,907.48. Insiders sold a total of 14,214 shares of company stock worth $542,250 in the last 90 days.

Finning International Company Profile (Get Rating)

Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.

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Analyst Recommendations for Finning International (TSE:FTT)

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