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Finning International (FTT) Receives a Buy from RBC Capital

Tipranks - Wed Jan 7, 8:00PM CST

RBC Capital analyst Sabahat Khan maintained a Buy rating on Finning International on January 5 and set a price target of C$89.00. The company’s shares closed yesterday at C$77.24.

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According to TipRanks, Khan is a 4-star analyst with an average return of 7.8% and a 53.56% success rate. Khan covers the Industrials sector, focusing on stocks such as AtkinsRealis, Aecon Group Inc., and Aecom Technology.

Finning International has an analyst consensus of Strong Buy, with a price target consensus of C$83.67.

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 36 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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