RBC Capital Remains a Buy on Finning International (FTT)
In a report released today, Sabahat Khan from RBC Capital maintained a Buy rating on Finning International, with a price target of C$104.00.
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Khan covers the Industrials sector, focusing on stocks such as Aecom Technology, Finning International, and Deere. According to TipRanks, Khan has an average return of 10.3% and a 59.52% success rate on recommended stocks.
In addition to RBC Capital, Finning International also received a Buy from Canaccord Genuity’s Yuri Lynk in a report issued on February 9. However, on February 4, TipRanks – xAI reiterated a Hold rating on Finning International (TSX: FTT).
Based on Finning International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$2.84 billion and a net profit of C$154 million. In comparison, last year the company earned a revenue of C$2.83 billion and had a net profit of C$103 million
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTT in relation to earlier this year.
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