FY2017 EPS Estimates for Finning International Inc. Lifted by National Bank Financial (FTT)
Finning International Inc. (TSE:FTT) – National Bank Financial lifted their FY2017 earnings estimates for Finning International in a research note issued to investors on Wednesday. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $1.27 per share for the year, up from their prior estimate of $1.15. National Bank Financial has a “Outperform” rating and a $31.50 price objective on the stock. National Bank Financial also issued estimates for Finning International’s FY2018 earnings at $1.68 EPS.
Several other research firms have also issued reports on FTT. BMO Capital Markets restated an “outperform” rating and set a C$30.00 target price on shares of Finning International in a research report on Thursday, May 25th. TD Securities boosted their target price on Finning International from C$27.00 to C$29.00 and gave the stock a “hold” rating in a research report on Thursday, May 11th. Scotiabank boosted their target price on Finning International from C$28.50 to C$30.00 and gave the stock an “outperform” rating in a research report on Thursday, May 11th. CIBC boosted their target price on Finning International from C$28.00 to C$29.00 in a research report on Thursday. Finally, Canaccord Genuity upgraded Finning International from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$26.00 to C$30.00 in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$30.25.
Shares of Finning International (TSE:FTT) traded down 0.64% on Friday, hitting $27.83. 89,771 shares of the company’s stock traded hands. Finning International has a 1-year low of $22.75 and a 1-year high of $28.27. The firm’s 50-day moving average price is $25.44 and its 200 day moving average price is $25.59. The company has a market cap of $4.68 billion and a price-to-earnings ratio of 31.99.
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.
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.