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Finning International Inc. (TSE:FTT) Lifted to “Buy” at TD Securities
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Other equities analysts have also recently issued reports about the company. Raymond James Financial, Inc. upgraded Finning International from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$25.50 to C$29.50 in a research report on Thursday, May 11th. Scotiabank lifted their price target on Finning International from C$28.50 to C$30.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. BMO Capital Markets reiterated an “outperform” rating and issued a C$30.00 price target on shares of Finning International in a research report on Thursday, May 25th. Royal Bank Of Canada lifted their price target on Finning International from C$26.00 to C$28.00 and gave the company a “sector perform” rating in a research report on Thursday, May 11th. Finally, National Bank Financial upgraded Finning International from a “sector perform overweight” rating to an “outperform overweight” rating and lifted their price target for the company from C$23.00 to C$31.50 in a research report on Monday, May 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Finning International has a consensus rating of “Buy” and an average target price of C$29.38.
Finning International (FTT) traded up 2.10% during mid-day trading on Thursday, hitting $25.24. The stock had a trading volume of 332,532 shares. The company has a market cap of $4.24 billion and a price-to-earnings ratio of 44.28. The firm’s 50-day moving average is $25.33 and its 200 day moving average is $25.59. Finning International has a 12 month low of $20.97 and a 12 month high of $28.02.
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In other Finning International news, insider Gregory Palaschuk bought 4,000 shares of Finning International stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average cost of C$26.80 per share, for a total transaction of C$107,200.00.
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.