Finning International (TSE:FTT) Price Target Raised to C$33.00 at BMO Capital Markets

Finning International (TSE:FTTGet Rating) had its target price hoisted by equities researchers at BMO Capital Markets from C$32.00 to C$33.00 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 17.77% from the company’s previous close.

FTT has been the subject of a number of other reports. Raymond James set a C$46.00 price objective on Finning International and gave the company an “outperform” rating in a research report on Tuesday, May 10th. CIBC dropped their price target on Finning International from C$50.00 to C$35.00 in a report on Wednesday, July 13th. Scotiabank lifted their price target on Finning International from C$38.00 to C$39.00 in a report on Thursday. Finally, National Bankshares lifted their price target on Finning International from C$41.00 to C$46.00 in a report on Wednesday, July 13th.

Finning International Stock Performance

FTT opened at C$28.02 on Thursday. Finning International has a 12-month low of C$23.89 and a 12-month high of C$40.22. The stock has a market cap of C$4.31 billion and a price-to-earnings ratio of 11.68. The business has a 50 day moving average of C$28.61 and a 200-day moving average of C$33.71. The company has a quick ratio of 0.58, a current ratio of 1.52 and a debt-to-equity ratio of 91.20.

Finning International (TSE:FTTGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported C$0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.16. The business had revenue of C$2 billion during the quarter, compared to analyst estimates of C$1.89 billion. On average, equities research analysts expect that Finning International will post 2.7920844 earnings per share for the current year.

Insiders Place Their Bets

In other Finning International news, Senior Officer David William Cummings sold 2,702 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of C$33.37, for a total transaction of C$90,165.74. Following the transaction, the insider now owns 97,607 shares in the company, valued at approximately C$3,257,145.59. In other Finning International news, Director Harold N. Kvisle purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were bought at an average price of C$32.65 per share, for a total transaction of C$97,950.00. Following the purchase, the director now owns 38,000 shares in the company, valued at approximately C$1,240,700. Also, Senior Officer David William Cummings sold 2,702 shares of the firm’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of C$33.37, for a total value of C$90,165.74. Following the sale, the insider now directly owns 97,607 shares in the company, valued at approximately C$3,257,145.59. Insiders have purchased a total of 8,800 shares of company stock worth $254,134 in the last 90 days.

Finning International Company Profile

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Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.

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