National Bank Financial Research Analysts Cut Earnings Estimates for Finning International Inc. (FTT)
Finning International Inc. (TSE:FTT) – Analysts at National Bank Financial decreased their FY2017 earnings estimates for Finning International in a report issued on Thursday. National Bank Financial analyst M. Sytchev now forecasts that the firm will post earnings per share of $1.19 for the year, down from their prior estimate of $1.23. National Bank Financial has a “Sector Perform” rating and a $23.00 price target on the stock.
A number of other analysts have also commented on FTT. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$20.00 target price on shares of Finning International in a report on Thursday, June 2nd. Scotiabank reaffirmed an “outperform” rating and set a C$23.50 target price on shares of Finning International in a report on Friday, June 3rd. TD Securities reaffirmed a “hold” rating and set a C$20.00 target price on shares of Finning International in a report on Thursday, August 4th. Finally, CIBC lowered their target price on shares of Finning International from C$20.50 to C$20.00 and set an “underperform” rating for the company in a report on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$20.18.
Shares of Finning International (TSE:FTT) traded up 2.31% during mid-day trading on Monday, hitting $24.76. The company had a trading volume of 1,024,284 shares. Finning International has a one year low of $16.37 and a one year high of $24.78. The company’s market capitalization is $4.16 billion. The firm’s 50-day moving average price is $23.23 and its 200 day moving average price is $21.64.
In other Finning International news, insider Jean Gail Sexsmith sold 2,850 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$23.85, for a total transaction of C$67,972.50.
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.
Receive News & Ratings for Finning International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.