Finning International Inc. (TSE:FTT) has earned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$30.25.
FTT has been the subject of several research reports. National Bank Financial upped their target price on Finning International from C$23.00 to C$31.50 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Raymond James Financial, Inc. raised Finning International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$25.50 to C$29.50 in a research note on Thursday, May 11th. Canaccord Genuity raised Finning International from a “hold” rating to a “buy” rating and upped their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, May 2nd. Royal Bank Of Canada upped their target price on Finning International from C$26.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 11th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$30.00 price objective on shares of Finning International in a research note on Thursday, May 25th.
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Shares of Finning International (TSE:FTT) traded down 0.46% during mid-day trading on Friday, reaching $27.88. 121,198 shares of the company were exchanged. Finning International has a 12 month low of $22.75 and a 12 month high of $28.27. The firm has a 50-day moving average price of $25.44 and a 200 day moving average price of $25.59. The stock has a market capitalization of $4.69 billion and a P/E ratio of 32.05.
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.
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