Finning International Inc. (TSE:FTT) will release its earnings data before the market opens on Tuesday, November 7th. Analysts expect Finning International to post earnings of C$0.32 per share for the quarter.
Shares of Finning International Inc. (TSE FTT) opened at C$31.64 on Friday.
In related news, insider David William Cummings bought 9,500 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were purchased at an average cost of C$28.50 per share, with a total value of C$270,750.00. Also, insider Cristian Chavez sold 3,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$27.90, for a total transaction of C$83,700.00.
FTT has been the topic of a number of analyst reports. TD Securities upgraded shares of 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. Scotiabank restated an “outperform” rating and issued a C$32.00 price objective on shares of Finning International in a report on Saturday, September 23rd. CIBC raised their price objective on shares of Finning International from C$29.00 to C$31.00 in a report on Tuesday, October 24th. Finally, Canaccord Genuity raised their price objective on shares of Finning International from C$33.00 to C$36.00 in a report on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Finning International presently has a consensus rating of “Buy” and an average price target of C$32.00.
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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