Finning International Inc. (FTT) PT Raised to C$25.00
Finning International Inc. (TSE:FTT) had its price target raised by TD Securities from C$20.00 to C$25.00 in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential downside of 0.48% from the company’s current price.
Several other research firms have also weighed in on FTT. Scotiabank boosted their price target on Finning International from C$23.50 to C$28.50 and gave the stock an “outperform” rating in a research report on Wednesday. Raymond James Financial Inc. lifted their target price on Finning International from C$22.50 to C$24.00 and gave the stock a “market perform” rating in a research note on Monday, September 26th. National Bank Financial upgraded Finning International from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from C$20.00 to C$23.00 in a research note on Friday, September 16th. Finally, CIBC reduced their target price on Finning International from C$20.50 to C$20.00 and set an “underperform” rating for the company in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Finning International presently has a consensus rating of “Hold” and a consensus target price of C$21.45.
Finning International (TSE:FTT) opened at 25.12 on Wednesday. The company has a 50 day moving average price of $24.14 and a 200-day moving average price of $22.25. The firm’s market capitalization is $4.22 billion. Finning International has a 52 week low of $16.37 and a 52 week high of $26.31.
In other news, insider Jean Gail Sexsmith sold 2,850 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$23.85, for a total transaction of C$67,972.50.
Finning International Company Profile
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.
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