The stock of Finning International Inc. (TSE:FTT) hit a new 52-week high and has $33.08 target or 26.00% above today’s $26.25 share price. The 5 months bullish chart indicates low risk for the $4.49 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $33.08 price target is reached, the company will be worth $1.17B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 140,118 shares traded hands. Finning International Inc. (TSE:FTT) has risen 25.66% since April 13, 2016 and is uptrending. It has outperformed by 21.03% the S&P500.
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 -18.29% below today’s ($26.25) stock price. Finning International Inc. has been the topic of 36 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Friday, September 16, the company rating was upgraded by National Bank Canada. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, August 27 report. The firm earned “Outperform” rating on Friday, November 4 by Scotia Capital. The company was maintained on Friday, August 7 by Scotia Capital. The firm has “Hold” rating by TD Securities given on Friday, November 4. The firm earned “Outperform” rating on Friday, October 28 by Scotia Capital. The firm earned “Outperform” rating on Friday, June 3 by Scotia Capital. TD Securities maintained the shares of FTT in a report on Friday, August 7 with “Hold” rating. The stock has “Outperform” rating given 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: “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 $4.49 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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