Research Analysts Issue Forecasts for Finning International Inc.’s FY2019 Earnings (FTT)

Finning International Inc. (TSE:FTT) – Equities research analysts at National Bank Financial issued their FY2019 earnings per share estimates for shares of Finning International in a research note issued on Tuesday. National Bank Financial analyst M. Sytchev anticipates that the company will earn $1.98 per share for the year. National Bank Financial currently has a “Outperform” rating and a $37.50 price target on the stock.

Several other equities analysts have also commented on FTT. Canaccord Genuity upped their price objective on shares of Finning International from C$33.00 to C$36.00 in a report on Wednesday, October 18th. Raymond James Financial upped their price objective on shares of Finning International from C$32.00 to C$36.25 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Scotiabank upped their price objective on shares of Finning International from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. TD Securities upped their price objective on shares of Finning International from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, CIBC upped their price objective on shares of Finning International from C$29.00 to C$31.00 in a report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Finning International has a consensus rating of “Buy” and a consensus target price of C$34.72.

Shares of Finning International (TSE:FTT) traded up C$0.54 during mid-day trading on Thursday, hitting C$33.55. 307,616 shares of the stock traded hands, compared to its average volume of 259,792. Finning International has a 52-week low of C$23.76 and a 52-week high of C$33.60. The firm has a market cap of $5,640.00, a price-to-earnings ratio of 34.59 and a beta of 1.02.

In other Finning International news, insider Kevin Parkes sold 2,074 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of C$31.62, for a total transaction of C$65,579.88. Over the last quarter, insiders have sold 3,450 shares of company stock worth $109,004.

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Finning International Company Profile

Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.

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