In a report released on July 8, Sabahat Khan from RBC Capital maintained a Buy rating on Finning International, with a price target of C$130.00. The company’s shares closed last Friday at C$99.31.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Khan covers the Industrials sector, focusing on stocks such as Jacobs Solutions, AtkinsRealis, and Aecon Group Inc.. According to TipRanks, Khan has an average return of 6.4% and a 50.00% success rate on recommended stocks.
Finning International has an analyst consensus of Strong Buy, with a price target consensus of C$121.50, a 22.34% upside from current levels. In a report released on July 7, Scotiabank also maintained a Buy rating on the stock with a C$118.00 price target.
Based on Finning International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$2.5 billion and a net profit of C$121 million. In comparison, last year the company earned a revenue of C$2.45 billion and had a net profit of C$104 million
