Finning International Inc. (TSE:FTT) has received a consensus rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$32.00.
A number of equities analysts recently weighed in on FTT shares. TD Securities raised Finning International from a “hold” rating to a “buy” rating and set a C$29.00 price objective on the stock in a report on Thursday, August 3rd. CIBC lifted their price target on Finning International from C$28.00 to C$29.00 in a research note on Thursday, August 10th. Scotiabank lifted their price target on Finning International from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Finally, Canaccord Genuity lifted their price target on Finning International from C$33.00 to C$36.00 in a research note on Wednesday, October 18th.
Finning International (TSE FTT) opened at 31.31 on Friday. The firm has a market cap of $5.26 billion and a P/E ratio of 35.99. Finning International has a 1-year low of $23.54 and a 1-year high of $31.82. The stock has a 50 day moving average price of $29.08 and a 200 day moving average price of $26.79.
In other news, insider Cristian Chavez sold 3,000 shares of Finning International 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. Also, insider David William Cummings acquired 9,500 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was acquired at an average price of C$28.50 per share, for a total transaction of C$270,750.00.
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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