Finning International Inc. (TSE:FTT) – Stock analysts at National Bank Financial reduced their Q1 2020 earnings per share (EPS) estimates for Finning International in a research report issued on Wednesday, February 12th. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $0.36 per share for the quarter, down from their previous forecast of $0.45. National Bank Financial has a “Outperform” rating and a $28.00 price objective on the stock. National Bank Financial also issued estimates for Finning International’s Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.48 EPS, FY2020 earnings at $1.75 EPS and FY2021 earnings at $1.96 EPS.
A number of other equities analysts have also issued reports on FTT. Canaccord Genuity cut their target price on Finning International from C$28.00 to C$24.00 in a research report on Thursday. TD Securities cut their target price on Finning International from C$29.00 to C$27.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada cut their target price on Finning International from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Raymond James reaffirmed a “market perform” rating and issued a C$24.00 target price on shares of Finning International in a research report on Thursday. Finally, CIBC cut their target price on Finning International from C$29.00 to C$27.00 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$26.13.
Shares of FTT opened at C$21.37 on Friday. The business’s 50 day moving average is C$24.24 and its two-hundred day moving average is C$23.47. Finning International has a 52-week low of C$21.17 and a 52-week high of C$26.49. The firm has a market cap of $3.47 billion and a price-to-earnings ratio of 14.26. The company has a quick ratio of 0.64, a current ratio of 1.70 and a debt-to-equity ratio of 108.85.
In other news, Senior Officer Marchello Marchese sold 2,266 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$25.31, for a total value of C$57,363.56. Following the completion of the sale, the insider now directly owns 36,575 shares in the company, valued at approximately C$925,892.47. Also, Senior Officer David Francis Neil Primrose purchased 2,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of C$21.40 per share, with a total value of C$42,800.00. Following the completion of the acquisition, the insider now directly owns 29,841 shares in the company, valued at approximately C$638,597.40. Over the last ninety days, insiders sold 5,841 shares of company stock worth $145,284.
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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