The stock of Finning International Inc. (TSE:FTT) is a huge mover today! About 395,798 shares traded hands. Finning International Inc. (TSE:FTT) has risen 30.95% since March 28, 2016 and is uptrending. It has outperformed by 27.94% the S&P500.
The move comes after 8 months negative chart setup for the $4.09B company. It was reported on Nov, 1 by Barchart.com. We have $22.73 PT which if reached, will make TSE:FTT worth $204.50 million less.
Finning International Inc. (TSE:FTT) Ratings Coverage
Out of 8 analysts covering Finning International Inc. (TSE:FTT), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. $28.50 is the highest target while $15.50 is the lowest. The $21 average target is -12.24% below today’s ($23.93) stock price. Finning International Inc. has been the topic of 34 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 28 by Scotia Capital. The stock has “Buy” rating given by Canaccord Genuity on Thursday, August 27. The rating was maintained by Scotia Capital with “Outperform” on Friday, August 7. The rating was upgraded by Raymond James on Friday, August 7 to “Outperform”. The firm has “Outperform” rating by Scotia Capital given on Friday, June 3. The stock of Finning International Inc. (TSE:FTT) has “Sector Perform” rating given on Friday, September 16 by National Bank Canada. TD Securities maintained it with “Hold” rating and $25 target price in Friday, August 7 report.
More recent Finning International Inc. (TSE:FTT) news were published by: Business.Financialpost.com which released: “Finning International Inc downgraded on uncertain demand” on February 22, 2016. Also Fool.ca published the news titled: “Einhorn Dislikes Caterpillar Inc.: Should You Sell Finning International Inc.?” on May 11, 2016. Fool.ca‘s news article titled: “Capitalize on Finning International Inc.’s Massive Share Buyback” with publication date: June 23, 2015 was also an interesting one.
Finning International Inc. is a Caterpillar Inc. dealer. The company has a market cap of $4.09 billion. The Firm sells, rents and provides parts and service for equipment and engines to clients in mining, construction, petroleum and forestry industries. It currently has negative earnings. It operates through three divisions: Canadian operations, South American operations, and UK & Ireland operations.
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