Shares of Finning International Inc. (TSE:FTT – Get Free Report) have been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$114.78.
Several brokerages have recently issued reports on FTT. National Bank Financial set a C$115.00 target price on shares of Finning International and gave the company an “outperform” rating in a report on Tuesday, June 23rd. TD upped their target price on shares of Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. BMO Capital Markets upped their target price on shares of Finning International from C$96.00 to C$115.00 in a report on Thursday, May 14th. Royal Bank Of Canada raised their price objective on Finning International from C$104.00 to C$130.00 in a report on Friday, May 15th. Finally, Raymond James Financial raised their price objective on Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th.
Check Out Our Latest Stock Analysis on FTT
Finning International Trading Up 4.6%
Finning International (TSE:FTT – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. Finning International had a net margin of 6.34% and a return on equity of 24.23%. The company had revenue of C$2.50 billion during the quarter. As a group, research analysts expect that Finning International will post 4.244898 EPS for the current fiscal year.
Insider Activity
In other Finning International news, insider Tim Arne Ferwerda sold 1,478 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the transaction, the insider owned 16,016 shares of the company’s stock, valued at approximately C$1,699,617.92. This trade represents a 8.45% decrease in their ownership of the stock. Also, insider Gary Samuel Megarrell sold 300 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$103.00, for a total value of C$30,900.00. Following the transaction, the insider directly owned 2,511 shares in the company, valued at approximately C$258,633. The trade was a 10.67% decrease in their position. In the last ninety days, insiders have sold 7,813 shares of company stock worth $827,102. Corporate insiders own 0.10% of the company’s stock.
About Finning International
Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.
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