Finning International Inc. (FTT) Receives C$30.25 Average PT from Analysts
Finning International Inc. (TSE:FTT) has earned an average rating of “Buy” from the eight analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$30.25.
Several research analysts recently weighed in on the stock. CIBC boosted their price target on shares of Finning International from C$28.00 to C$29.00 in a report on Thursday, August 10th. TD Securities upgraded shares of Finning International from a “hold” rating to a “buy” rating and set a C$29.00 price target on the stock in a report on Thursday, August 3rd. Finally, Scotiabank restated an “outperform” rating and set a C$32.00 price target on shares of Finning International in a report on Saturday, September 23rd.
In other Finning International news, insider Cristian Chavez sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$27.90, for a total value of C$83,700.00. Also, insider David William Cummings bought 9,500 shares of the company’s stock in a transaction on Friday, September 29th. The stock was bought at an average price of C$28.50 per share, for a total transaction of C$270,750.00.
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Finning International (TSE FTT) traded down 0.52% during trading on Wednesday, hitting $28.90. 458,934 shares of the stock were exchanged. The firm’s 50-day moving average is $28.02 and its 200 day moving average is $26.24. Finning International has a 52 week low of $23.54 and a 52 week high of $29.10. The firm has a market cap of $4.86 billion and a PE ratio of 33.22.
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.
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