Finning International Inc. (FTT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Finning International Inc. (TSE:FTT) have been given an average rating of “Hold” by the seven brokerages that are covering the company. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$26.07.

A number of equities analysts have issued reports on the stock. Raymond James Financial, Inc. raised their price objective on shares of Finning International from C$24.00 to C$25.00 and gave the company a “market perform” rating in a research note on Friday, February 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a C$26.00 price objective on shares of Finning International in a research note on Friday, February 10th. TD Securities raised their price objective on shares of Finning International from C$25.00 to C$27.00 and gave the company a “hold” rating in a research note on Friday, February 17th. Canaccord Genuity reduced their price objective on shares of Finning International from C$27.00 to C$26.00 and set a “hold” rating on the stock in a research note on Friday, February 17th. Finally, CIBC raised shares of Finning International from an “underperform” rating to a “neutral” rating and raised their price objective for the company from C$20.00 to C$27.00 in a research note on Wednesday, January 18th.

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Finning International (TSE:FTT) opened at 24.71 on Tuesday. The stock has a market capitalization of $4.16 billion and a PE ratio of 65.03. The stock’s 50 day moving average is $25.68 and its 200 day moving average is $25.55. Finning International has a 12-month low of $18.37 and a 12-month high of $28.02.

Finning International Company Profile

Finning International Inc is a Caterpillar Inc (Caterpillar) dealer. The Company sells, rents and provides parts and service for equipment and engines to customers in mining, construction, petroleum and forestry industries. It operates through three segments: Canadian operations, South American operations, and UK & Ireland operations.

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