Finning International (TSE:FTT – Get Free Report) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a C$45.00 price objective on the stock, up from their prior price objective of C$43.00. TD Securities’ price target suggests a potential upside of 16.25% from the stock’s previous close.
Several other research analysts have also commented on FTT. Scotiabank raised their price objective on 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. BMO Capital Markets lifted their price objective on shares of Finning International from C$48.00 to C$50.00 in a report on Thursday. CIBC upped their price objective on 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. Royal Bank of Canada raised their price target on shares of Finning International from C$49.00 to C$50.00 in a research note on Thursday. Finally, National Bankshares increased their target price on shares of Finning International from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Finning International currently has an average rating of “Buy” and an average price target of C$49.75.
Check Out Our Latest Research Report on FTT
Finning International Trading Up 3.7 %
Insider Activity
In other news, Senior Officer Sebastian Tomas Guridi sold 700 shares of the company’s stock in a transaction on Monday, May 27th. The stock was sold at an average price of C$44.01, for a total transaction of C$30,803.50. In other news, Director Harold N. Kvisle sold 3,100 shares of Finning International stock in a transaction on Monday, May 13th. The shares were sold at an average price of C$43.36, for a total transaction of C$134,416.00. Also, Senior Officer Sebastian Tomas Guridi sold 700 shares of the business’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of C$44.01, for a total transaction of C$30,803.50. Over the last three months, insiders have purchased 25,877 shares of company stock valued at $1,072,195 and have sold 4,900 shares valued at $212,426. 0.10% of the stock is owned by insiders.
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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