Finning International (TSE:FTT – Get Free Report) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Friday, BayStreet.CA reports. The firm currently has a C$45.00 target price on the stock, up from their prior target price of C$43.00. TD Securities’ price target suggests a potential upside of 16.25% from the company’s current price.
Several other analysts have also commented on FTT. National Bankshares lifted their price objective on Finning International from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Royal Bank of Canada boosted their price target on Finning International from C$49.00 to C$50.00 in a research note on Thursday. CIBC increased their price objective on shares of Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Scotiabank boosted their target price on shares of Finning International from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets increased their price target on shares of Finning International from C$48.00 to C$50.00 in a research report on Thursday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$49.75.
Finning International Stock Up 3.7 %
Insiders Place Their Bets
In related news, Senior Officer Kevin Parkes purchased 2,777 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of C$36.39 per share, with a total value of C$101,055.03. In other Finning International news, Senior Officer Kevin Parkes acquired 2,777 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average price of C$36.39 per share, for a total transaction of C$101,055.03. Also, Director Harold N. Kvisle sold 3,100 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$43.36, for a total value of C$134,416.00. Over the last three months, insiders have bought 25,877 shares of company stock valued at $1,072,195 and have sold 4,900 shares valued at $212,426. Corporate insiders own 0.10% of the company’s stock.
Finning International Company Profile
Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.
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