Finning International (FTT), the Services sector company, has received a rating update from a Wall Street analyst on February 21. RBC Capital’s analyst Derek Spronck reiterates their Buy rating on the shares, with a C$32 price target.
According to TipRanks.com, Spronck is ranked #698 out of 5194 analysts.
Read also: Kraft Heinz (KHC): There Goes the Buy Rating, Merrill Lynch Downgrades the Stock
Finning International has an analyst consensus of Moderate Buy, with a price target consensus of C$30.50, which is a 25.4% upside from current levels. In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a C$29 price target.
.
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.
