Analysts seem to be feeling optimistic about Finning International (FTT) lately, with several positive ratings in a row that it received in the past month alone. The company received a Buy yesterday from CIBC’s analyst Jacob Bout, with a C$35 price target.
According to TipRanks.com, Bout is a 2-star analyst with an average return of 0.3% and a 41.8% success rate. Bout covers the Basic Materials sector, focusing on stocks such as SNC-Lavalin Group Inc, Stantec Inc, and Nutrien Ltd.
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Currently, the analyst consensus on Finning International is a Strong Buy with an average price target of C$34.14, which is a 33.0% upside from current levels. In a report issued on January 7, TD Securities also reiterated a Buy rating on the stock with a C$31 price target.
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Finning International’s market cap is currently C$4.32B and has a P/E ratio of 17.2. The company has a Price to Book ratio of 2.04.
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 Monday at C$25.66.
