Finning International Inc. (TSE:FTT) Receives Average Rating of “Hold” from Analysts
Shares of Finning International Inc. (TSE:FTT) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$20.55.
FTT has been the topic of several research reports. National Bank Financial raised shares of Finning International from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from C$20.00 to C$23.00 in a report on Friday, September 16th. Raymond James Financial Inc. lifted their price objective on shares of Finning International from C$22.50 to C$24.00 and gave the company a “market perform” rating in a report on Monday, September 26th. TD Securities reissued a “hold” rating and set a C$20.00 price objective on shares of Finning International in a report on Thursday, August 4th. Scotiabank reissued an “outperform” rating and set a C$23.50 price objective on shares of Finning International in a report on Tuesday, August 2nd. Finally, CIBC cut their price objective on shares of Finning International from C$20.50 to C$20.00 and set an “underperform” rating on the stock in a report on Wednesday, June 29th.
Shares of Finning International (TSE:FTT) opened at 24.51 on Thursday. Finning International has a 1-year low of $16.37 and a 1-year high of $25.46. The stock has a 50 day moving average price of $23.81 and a 200 day moving average price of $21.98. The stock’s market capitalization is $4.12 billion.
In related news, insider Jean Gail Sexsmith sold 2,850 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of C$23.85, for a total transaction of C$67,972.50.
About Finning International
Finning International Inc is a Caterpillar Inc (Caterpillar) dealer. The Company sells, rents and provides parts and service for equipment and engines to customers in mining, construction, petroleum and forestry industries. It operates through three segments: Canadian operations, South American operations, and UK & Ireland operations.
Receive News & Stock Ratings for Finning International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International Inc. and related stocks with our FREE daily email newsletter.