Finning International (FTT) Upgraded at CIBC
CIBC upgraded shares of Finning International (TSE:FTT) from a neutral rating to an outperform rating in a report issued on Monday morning. CIBC currently has C$38.00 target price on the stock, up from their prior target price of C$31.00.
Several other equities research analysts have also recently commented on FTT. Canaccord Genuity lifted their target price on Finning International from C$33.00 to C$36.00 in a research note on Wednesday, October 18th. Raymond James Financial lifted their target price on Finning International from C$32.00 to C$36.25 and gave the company an outperform rating in a research note on Wednesday, November 8th. Scotiabank lifted their target price on Finning International from C$32.00 to C$35.00 and gave the company an outperform rating in a research note on Wednesday, October 25th. TD Securities lifted their target price on Finning International from C$32.00 to C$35.00 and gave the company a buy rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets set a C$37.00 target price on Finning International and gave the company an outperform rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Finning International currently has a consensus rating of Buy and a consensus target price of C$35.59.
Shares of Finning International (FTT) opened at C$33.85 on Monday. Finning International has a twelve month low of C$23.76 and a twelve month high of C$36.48. The firm has a market capitalization of $5,690.00, a price-to-earnings ratio of 34.90 and a beta of 1.02.
In other news, insider Kevin Parkes sold 2,074 shares of Finning International stock in a transaction on Thursday, November 9th. The stock was sold at an average price of C$31.62, for a total value of C$65,579.88. Insiders sold a total of 3,450 shares of company stock valued at $109,004 over the last three months.
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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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