Finning International - FTT Stock Forecast, Price & News

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. It is also involved in electric power generation, marine power systems, oil and gas, and industrials. In addition, the company provides aftercare, customer training, fuel solutions, fluid analysis, financing, rebuilds, rentals, repair services, maintenance options, warranty, and other services, as well as product support including sales of parts and servicing of equipment. It serves agriculture, construction, forestry, governmental, mining, paving, pipeline, power systems, and snow removal industries. The company was formerly known as Finning Ltd. and changed its name to Finning International Inc. in April 1997. Finning International Inc. was incorporated in 1933 and is headquartered in Surrey, Canada.

Analysts Set New Price Targets

FTT has been the subject of a number of research reports. Scotiabank raised their target price on shares of Finning International from C$38.00 to C$39.00 in a research note on Thursday, August 4th. BMO Capital Markets raised their target price on shares of Finning International from C$32.00 to C$33.00 in a research note on Thursday, August 4th. Royal Bank of Canada cut their target price on shares of Finning International from C$47.00 to C$44.00 and set an "outperform" rating for the company in a research note on Thursday, August 4th. CIBC dropped their price objective on shares of Finning International from C$50.00 to C$35.00 in a research note on Wednesday, July 13th. Finally, National Bankshares lifted their price objective on shares of Finning International from C$41.00 to C$46.00 in a research note on Wednesday, July 13th.

Finning International Stock Up 2.3 %

FTT traded up C$0.67 during trading on Friday, hitting C$29.46. 894,315 shares of the company's stock were exchanged, compared to its average volume of 477,540. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 91.78. The business's 50 day moving average is C$28.10 and its two-hundred day moving average is C$33.51. Finning International has a fifty-two week low of C$23.89 and a fifty-two week high of C$40.22. The stock has a market cap of C$4.53 billion and a P/E ratio of 12.75.

Finning International (TSE:FTT - Get Rating) last posted its earnings results on Tuesday, August 2nd. The company reported C$0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.64 by C$0.16. The firm had revenue of C$2 billion during the quarter, compared to the consensus estimate of C$1.89 billion. As a group, equities analysts expect that Finning International will post 2.83 earnings per share for the current fiscal year.

Insider Transactions at Finning International

In other news, Director Harold N. Kvisle bought 5,000 shares of Finning International stock in a transaction dated Thursday, June 23rd. The stock was purchased at an average price of C$26.92 per share, for a total transaction of C$134,600.00. Following the purchase, the director now directly owns 45,000 shares in the company, valued at approximately C$1,211,400.