Finning International (FTT) Price Target Cut to C$38.00 by Analysts at CIBC

Finning International (TSE:FTT) had its target price reduced by stock analysts at CIBC from C$41.00 to C$38.00 in a report released on Wednesday. CIBC’s price target suggests a potential upside of 39.65% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Raymond James increased their price objective on shares of Finning International from C$37.50 to C$38.50 and gave the company an “outperform” rating in a report on Thursday, August 9th. Royal Bank of Canada increased their price objective on shares of Finning International from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. BMO Capital Markets cut their price objective on shares of Finning International from C$41.00 to C$40.00 in a report on Thursday, August 9th. Finally, TD Securities increased their price objective on shares of Finning International from C$40.00 to C$41.00 in a report on Thursday, August 9th. Seven research analysts have rated the stock with a buy rating, Finning International has a consensus rating of “Buy” and an average price target of C$39.25.

Shares of FTT opened at C$27.21 on Wednesday. Finning International has a 1 year low of C$26.23 and a 1 year high of C$36.48.

Finning International (TSE:FTT) last announced its quarterly earnings data on Wednesday, August 8th. The company reported C$0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.48. The company had revenue of C$1.73 billion for the quarter, compared to analysts’ expectations of C$1.73 billion.

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, petroleum, and forestry, as well as various power system applications.

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Analyst Recommendations for Finning International (TSE:FTT)

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