Could Finning International Inc. Change Direction After Today’s Huge Increase?

 Could Finning International Inc. Change Direction After Today's Huge Increase?

The stock of Finning International Inc. (TSE:FTT) is a huge mover today! About 259,597 shares traded hands. Finning International Inc. (TSE:FTT) has risen 34.32% since April 8, 2016 and is uptrending. It has outperformed by 29.34% the S&P500.
The move comes after 7 months positive chart setup for the $4.36 billion company. It was reported on Nov, 14 by Barchart.com. We have $41.10 PT which if reached, will make TSE:FTT worth $2.57B more.

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. Finning International Inc. has been the topic of 36 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Outperform” rating in Friday, June 3 report. The stock of Finning International Inc. (TSE:FTT) has “Sector Perform” rating given on Friday, September 16 by National Bank Canada. Scotia Capital maintained Finning International Inc. (TSE:FTT) rating on Friday, November 4. Scotia Capital has “Outperform” rating and $28.50 price target. The rating was maintained by TD Securities on Friday, November 4 with “Hold”. Scotia Capital maintained Finning International Inc. (TSE:FTT) on Friday, August 7 with “Outperform” rating. The rating was maintained by Scotia Capital with “Outperform” on Friday, October 28. The company was upgraded on Thursday, August 27 by Canaccord Genuity. The firm earned “Hold” rating on Friday, August 7 by TD Securities. The company was upgraded on Friday, August 7 by Raymond James.

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: “Capitalize on Finning International Inc.’s Massive Share Buyback” on June 23, 2015. Fool.ca‘s news article titled: “Einhorn Dislikes Caterpillar Inc.: Should You Sell Finning International Inc.?” with publication date: May 11, 2016 was also an interesting one.

Finning International Inc. is a Caterpillar Inc. dealer. The company has a market cap of $4.36 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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