TD Securities Raises Finning International (FTT) Price Target to C$41.00

Finning International (TSE:FTT) had its target price upped by TD Securities from C$40.00 to C$41.00 in a report released on Thursday.

FTT has been the topic of several other research reports. Raymond James upgraded shares of Finning International from a market perform rating to an outperform rating and increased their price objective for the stock from C$36.25 to C$37.50 in a research note on Thursday, April 26th. Scotiabank increased their price objective on shares of Finning International from C$38.00 to C$39.00 and gave the stock an outperform rating in a research note on Monday, May 14th. BMO Capital Markets increased their price objective on shares of Finning International from C$39.00 to C$41.00 in a research note on Friday, May 11th. Canaccord Genuity upped their target price on shares of Finning International from C$37.00 to C$38.00 in a research report on Friday, May 11th. Finally, CIBC upped their target price on shares of Finning International from C$40.00 to C$41.00 in a research report on Friday, May 11th. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of C$40.19.

FTT opened at C$31.81 on Thursday. Finning International has a fifty-two week low of C$26.26 and a fifty-two week high of C$36.48.

Finning International (TSE:FTT) last released its quarterly earnings data on Thursday, May 10th. The company reported C$0.39 earnings per share for the quarter, topping the consensus estimate of C$0.37 by C$0.02. The firm had revenue of C$1.67 billion for the quarter, compared to analyst estimates of C$1.60 billion. Finning International had a net margin of 3.80% and a return on equity of 13.61%.

In other Finning International news, insider Sebastian Tomas Guridi sold 8,700 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of C$33.59, for a total value of C$292,233.00. Also, insider Jeff Erdman sold 1,500 shares of the company’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of C$34.03, for a total transaction of C$51,045.00. In the last 90 days, insiders sold 10,400 shares of company stock valued at $349,897.

Finning International Company Profile

Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, petroleum, and forestry, as well as various power system applications.

Further Reading: Diversification Important in Investing

Analyst Recommendations for Finning International (TSE:FTT)

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