Q2 2017 Earnings Estimate for Finning International Inc. Issued By National Bank Financial (FTT)

Finning International Inc. (TSE:FTT) – Analysts at National Bank Financial issued their Q2 2017 earnings estimates for shares of Finning International in a research report issued to clients and investors on Wednesday. National Bank Financial analyst M. Sytchev anticipates that the company will post earnings of $0.22 per share for the quarter. National Bank Financial has a “Outperform” rating and a $31.50 price target on the stock.

FTT has been the topic of a number of other research reports. Raymond James Financial, Inc. raised shares of Finning International from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$25.50 to C$29.50 in a research note on Thursday, May 11th. Royal Bank Of Canada boosted 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. Canaccord Genuity raised shares of Finning International from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, May 2nd. Scotiabank boosted their target price on shares of Finning International from C$28.50 to C$30.00 and gave the stock an “outperform” rating in a research note on Thursday, May 11th. Finally, TD Securities boosted their target price on shares of Finning International from C$27.00 to C$29.00 and gave the stock a “hold” rating in a research note on Thursday, May 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$29.38.

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Shares of Finning International (FTT) opened at 25.17 on Monday. Finning International has a 52-week low of $20.63 and a 52-week high of $28.02. The company has a market capitalization of $4.23 billion and a price-to-earnings ratio of 44.16. The company’s 50-day moving average price is $26.03 and its 200-day moving average price is $25.78.

In other Finning International news, insider Gregory Palaschuk acquired 4,000 shares of Finning International stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average price of C$26.80 per share, with a total value of C$107,200.00.

About Finning International

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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