Finning International’s (FTT) Market Perform Rating Reaffirmed at Raymond James

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Finning International (TSE:FTT)‘s stock had its “market perform” rating reissued by Raymond James in a research report issued to clients and investors on Friday. They presently have a C$26.00 price objective on the stock. Raymond James’ price target would suggest a potential upside of 6.91% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets cut their price objective on Finning International from C$40.00 to C$39.00 in a research report on Wednesday, November 7th. CIBC lowered their price objective on Finning International from C$41.00 to C$38.00 in a research note on Wednesday, November 7th. Royal Bank of Canada lowered their price objective on Finning International from C$40.00 to C$35.00 in a research note on Thursday, February 7th. Finally, Canaccord Genuity reduced their price objective on Finning International from C$38.00 to C$33.00 in a report on Wednesday, December 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$32.00.

Shares of FTT stock opened at C$24.32 on Friday. Finning International has a 1-year low of C$22.46 and a 1-year high of C$35.00. The company has a current ratio of 2.13, a quick ratio of 0.80 and a debt-to-equity ratio of 72.75. The firm has a market cap of $4.09 billion and a PE ratio of 16.66.

In other Finning International news, insider Harold N. Kvisle purchased 2,400 shares of the company’s stock in a transaction dated Thursday, December 27th. The stock was bought at an average cost of C$22.65 per share, for a total transaction of C$54,360.00. Following the completion of the transaction, the insider now owns 20,000 shares in the company, valued at C$453,000. Also, Director Harold N. Kvisle purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 13th. The stock was acquired at an average price of C$24.05 per share, with a total value of C$120,250.00.

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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Analyst Recommendations for Finning International (TSE:FTT)

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