In a latest note to investors, a research analyst has provided a rating update for the Finning International (FTT). Analyst Yuri Lynk from Canaccord Genuity remains bullish on the stock and has a C$29 price target.
According to TipRanks.com, Lynk is ranked #616 out of 5194 analysts.
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Currently, the analyst consensus on Finning International is a Strong Buy with an average price target of C$31.67, implying a 30.2% upside from current levels. In a report issued on February 7, RBC Capital also maintained a Buy rating on the stock with a C$35 price target.
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Based on Finning International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$1.76 billion and net profit of C$25 million. In comparison, last year the company earned revenue of C$1.74 billion and had a net profit of C$66 million.
Finning International, Inc. engages in the sale, service, and renting out heavy equipment, engines, and related products. It operates through the following business segments: Canadian Operations, South American Operations, UK & Ireland Operations, and Other.
The company’s shares closed on Friday at C$24.32, close to its 52-week low of C$22.46.
