Q3 2019 Earnings Estimate for Finning International Inc. (TSE:FTT) Issued By National Bank Financial

Finning International Inc. (TSE:FTT) – National Bank Financial boosted their Q3 2019 earnings per share estimates for Finning International in a report issued on Wednesday, August 7th, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.52 per share for the quarter, up from their prior forecast of $0.50. National Bank Financial also issued estimates for Finning International’s FY2019 earnings at $1.77 EPS and FY2020 earnings at $2.18 EPS.

Several other equities analysts have also weighed in on the stock. Canaccord Genuity decreased their target price on shares of Finning International from C$29.00 to C$27.00 in a report on Thursday, May 9th. Raymond James upgraded shares of Finning International from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$27.00 to C$28.00 in a report on Thursday, August 8th. Stephens set a C$25.00 target price on shares of Finning International and gave the company an “equal weight” rating in a report on Thursday. BMO Capital Markets decreased their price objective on shares of Finning International from C$27.00 to C$26.00 in a report on Thursday, August 8th. Finally, TD Securities upgraded shares of Finning International from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$28.00 to C$29.00 in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$27.75.

TSE:FTT opened at C$22.18 on Friday. The company has a debt-to-equity ratio of 113.16, a current ratio of 1.63 and a quick ratio of 0.59. The firm has a market capitalization of $3.76 billion and a price-to-earnings ratio of 18.73. The company’s 50-day moving average is C$23.23 and its two-hundred day moving average is C$23.60. Finning International has a 1-year low of C$21.36 and a 1-year high of C$33.05.

Finning International Company Profile

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, agriculture, governmental, paving, and forestry, as well as various power system applications.

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