Finning International (TSE:FTT – Get Free Report) had its target price raised by equities researchers at National Bankshares from C$46.00 to C$47.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 8.32% from the stock’s current price.
A number of other equities research analysts also recently weighed in on FTT. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, February 7th. Royal Bank of Canada decreased their target price on shares of Finning International from C$50.00 to C$45.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. BMO Capital Markets lifted their price target on shares of Finning International from C$47.00 to C$48.00 in a report on Wednesday. CIBC dropped their target price on Finning International from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Finally, TD Securities raised their price target on Finning International from C$41.00 to C$43.00 and gave the stock a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$49.13.
Finning International Stock Up 1.0 %
Finning International (TSE:FTT – Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.94 by C$0.02. The company had revenue of C$2.40 billion during the quarter, compared to analyst estimates of C$2.54 billion. Finning International had a return on equity of 20.88% and a net margin of 4.97%. As a group, research analysts expect that Finning International will post 3.9857007 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. Insiders own 0.12% of the company’s stock.
About Finning International
Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.
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