Finning International (FTT) PT Lowered to C$35.00

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Finning International (TSE:FTT) had its price objective dropped by research analysts at Raymond James from C$38.50 to C$35.00 in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 29.77% from the company’s current price.

Other analysts have also recently issued reports about the company. BMO Capital Markets dropped their price target on Finning International from C$41.00 to C$40.00 in a research report on Thursday, August 9th. TD Securities increased their price objective on Finning International from C$40.00 to C$41.00 in a report on Thursday, August 9th. Finally, Royal Bank of Canada increased their price objective on Finning International from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. Seven equities research analysts have rated the stock with a buy rating, Finning International currently has an average rating of “Buy” and a consensus target price of C$39.25.

TSE FTT traded down C$0.86 on Wednesday, hitting C$26.97. 409,666 shares of the stock traded hands, compared to its average volume of 408,834. Finning International has a twelve month low of C$26.23 and a twelve month high of C$36.48.

Finning International (TSE:FTT) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C$0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.48. The company had revenue of C$1.73 billion for the quarter, compared to analyst estimates of C$1.73 billion.

About Finning International

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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