Finning International (FTT) Given New C$40.00 Price Target at CIBC

Finning International (TSE:FTT) had its price objective lifted by equities researchers at CIBC from C$38.00 to C$40.00 in a research report issued on Wednesday. CIBC’s price objective would indicate a potential upside of 19.58% from the company’s previous close.

Several other research firms have also recently issued reports on FTT. Raymond James Financial cut Finning International from an “outperform” rating to a “market perform” rating and set a C$36.25 target price on the stock. in a research note on Wednesday. BMO Capital Markets set a C$39.00 target price on Finning International and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities raised their target price on Finning International from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research note on Wednesday. National Bank Financial raised their target price on Finning International from C$37.50 to C$39.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada set a C$40.00 target price on Finning International and gave the stock an “outperform” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$38.41.

Shares of Finning International (TSE FTT) opened at C$33.45 on Wednesday. The stock has a market capitalization of $5,750.00, a PE ratio of 25.53 and a beta of 1.04. Finning International has a 12 month low of C$23.76 and a 12 month high of C$36.48.

Finning International (TSE:FTT) last posted its earnings results on Tuesday, November 7th. The company reported C$0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.32 by C$0.03. Finning International had a return on equity of 10.80% and a net margin of 3.36%.

In other Finning International news, insider Juan Carlos Villegas sold 70,632 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of C$34.34, for a total value of C$2,425,502.88. Insiders sold 72,008 shares of company stock valued at $2,468,927 over the last 90 days.

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Finning International Company Profile

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.

Analyst Recommendations for Finning International (TSE:FTT)

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