What’s Finning International Inc. Downside After Today’s Huge Decline?

 What's Finning International Inc. Downside After Today's Huge Decline?

The stock of Finning International Inc. (TSE:FTT) is a huge mover today! About 45,833 shares traded hands. Finning International Inc. (TSE:FTT) has risen 30.77% since April 11, 2016 and is uptrending. It has outperformed by 26.84% the S&P500.
The move comes after 8 months negative chart setup for the $4.32B company. It was reported on Nov, 15 by Barchart.com. We have $24.22 PT which if reached, will make TSE:FTT worth $216.00 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 $21.45 average target is -15.85% below today’s ($25.49) stock price. Finning International Inc. has been the topic of 36 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 7 by Scotia Capital. As per Friday, September 16, the company rating was upgraded by National Bank Canada. The stock of Finning International Inc. (TSE:FTT) earned “Outperform” rating by Scotia Capital on Friday, November 4. TD Securities maintained the shares of FTT in a report on Friday, November 4 with “Hold” rating. The stock of Finning International Inc. (TSE:FTT) earned “Buy” rating by Canaccord Genuity on Thursday, August 27. The firm has “Outperform” rating by Scotia Capital given on Friday, October 28. The rating was maintained by TD Securities on Friday, August 7 with “Hold”. Scotia Capital maintained the shares of FTT in a report on Friday, June 3 with “Outperform” rating. The stock of Finning International Inc. (TSE:FTT) earned “Outperform” rating by Raymond James on Friday, August 7.

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 $4.32 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment