The stock of Finning International Inc. (TSE:FTT) hit a new 52-week high and has $28.47 target or 5.00% above today’s $27.11 share price. The 5 months bullish chart indicates low risk for the $4.74 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $28.47 price target is reached, the company will be worth $237.00 million 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 50,132 shares traded hands. Finning International Inc. (TSE:FTT) has risen 20.75% since April 27, 2016 and is uptrending. It has outperformed by 14.82% 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 -20.88% below today’s ($27.11) stock price. Finning International Inc. has been the topic of 36 analyst reports since July 24, 2015 according to StockzIntelligence Inc. TD Securities maintained Finning International Inc. (TSE:FTT) rating on Friday, November 4. TD Securities has “Hold” rating and $25 price target. The company was maintained on Friday, August 7 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, October 28. The stock of Finning International Inc. (TSE:FTT) earned “Outperform” rating by Scotia Capital on Friday, June 3. TD Securities maintained it with “Hold” rating and $25 target price in Friday, August 7 report. The stock of Finning International Inc. (TSE:FTT) earned “Outperform” rating by Scotia Capital on Friday, November 4. National Bank Canada upgraded Finning International Inc. (TSE:FTT) rating on Friday, September 16. National Bank Canada has “Sector Perform” rating and $23 price target. 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 $4.74 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.