Finning International (FTT) Price Target Raised to C$39.00 at National Bank Financial

Finning International (TSE:FTT) had its price objective increased by research analysts at National Bank Financial from C$37.50 to C$39.00 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 16.59% from the company’s previous close. National Bank Financial also issued estimates for Finning International’s Q1 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.46 EPS, FY2018 earnings at $1.84 EPS and FY2019 earnings at $2.11 EPS.

Other equities analysts have also issued reports about the company. Canaccord Genuity increased their price objective on Finning International from C$33.00 to C$36.00 in a report on Wednesday, October 18th. CIBC increased their price objective on Finning International from C$29.00 to C$31.00 in a report on Tuesday, October 24th. TD Securities increased their price objective on Finning International from C$32.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Scotiabank increased their price objective on Finning International from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Raymond James Financial increased their price objective on Finning International from C$32.00 to C$36.25 and gave the company an “outperform” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Finning International presently has a consensus rating of “Buy” and an average price target of C$38.41.

Finning International (FTT) opened at C$33.45 on Wednesday. The stock has a market capitalization of $5,750.00, a P/E ratio of 25.53 and a beta of 1.04. Finning International has a twelve month low of C$23.76 and a twelve month high of C$36.48.

Finning International (TSE:FTT) last released its earnings results on Tuesday, November 7th. The company reported C$0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.32 by C$0.03. Finning International had a return on equity of 10.80% and a net margin of 3.36%.

In other Finning International news, insider Juan Carlos Villegas sold 70,632 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of C$34.34, for a total transaction of C$2,425,502.88. Over the last three months, insiders have sold 72,008 shares of company stock valued at $2,468,927.

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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.

Analyst Recommendations for Finning International (TSE:FTT)

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