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.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James set a C$46.00 price objective on Finning International and gave the stock an "outperform" rating in a research note on Tuesday, May 10th. BMO Capital Markets lifted their target price on Finning International from C$32.00 to C$33.00 in a report on Thursday, August 4th. CIBC cut their price target on Finning International from C$50.00 to C$35.00 in a research note on Wednesday, July 13th. Royal Bank of Canada cut their price objective on 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. Finally, Scotiabank boosted their target price on Finning International from C$38.00 to C$39.00 in a report on Thursday, August 4th.

Finning International Price Performance

Shares of TSE:FTT opened at C$28.74 on Tuesday. The company has a market cap of C$4.42 billion and a PE ratio of 12.44. The firm has a 50-day simple moving average of C$28.00 and a 200 day simple moving average of C$33.46. Finning International has a fifty-two week low of C$23.89 and a fifty-two week high of C$40.22. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 91.78.

Finning International (TSE:FTT - Get Rating) last released its earnings results on Tuesday, August 2nd. The company reported C$0.80 earnings per share for the quarter, beating the consensus estimate of C$0.64 by C$0.16. The business had revenue of C$2 billion for the quarter, compared to analysts' expectations of C$1.89 billion. On average, sell-side analysts anticipate that Finning International will post 2.83 EPS for the current year.

Insider Buying and Selling at Finning International

In related news, Director Harold N. Kvisle acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, June 23rd. The stock was acquired at an average cost of C$26.92 per share, with a total value of C$134,600.00. Following the completion of the purchase, the director now directly owns 45,000 shares in the company, valued at C$1,211,400.