Finning International (FTT:CA)
On Friday August 9th, TD Securities (Analyst Rank#18) released a research report, upgrading its rating for Finning International stock to “Buy,” from a “Hold” rating setting a target price of $45, up from $41 as of August 9, 2024.
FTT Stock Forecast & Analysis
Average Target Price:
The average target price set by 7 analysts for Finning International Inc. over the next 12 months is CAD 46.76. This indicates a potential upside of approximately 25.3% from the current stock price of CAD 37.34.
Analyst Rating:
The average analyst rating for Finning International Inc. is a “Strong Buy.” This reflects a consensus among analysts that the stock is expected to perform well, suggesting a positive outlook based on their evaluations of the company’s financials, industry position, and other relevant factors.
Stock Advisor Analysis:
Stock Target Advisor’s analysis rates Finning International Inc. as “Slightly Bullish,” indicating a generally positive but cautious outlook. This assessment is derived from 6 positive signals (indicators suggesting favorable performance) and 3 negative signals (indicators suggesting potential issues).
Current Stock Performance:
Current Stock Price:
As of the last closing price, Finning International Inc. is trading at CAD 37.34.
Performance Metrics:
Past Week: The stock price has decreased by -1.84% over the past week.
Past Month: The stock has fallen by -7.67% over the past month.
Past Year: Over the past year, the stock has decreased by -18.38%.
Analysis:
Potential Upside:
The target price of CAD 46.76 represents a potential upside of about 25.3% from the current price of CAD 37.34. This indicates that analysts see significant room for growth in the stock’s price over the next year.
Analyst Sentiment:
The “Strong Buy” rating from analysts suggests confidence in Finning International Inc.’s future performance, driven by positive financial projections, strong industry position, or other favorable factors.
Stock Advisor Signals:
The “Slightly Bullish” rating from Stock Target Advisor, based on a mix of positive and negative signals, implies that while the overall sentiment is positive, there may be some concerns or risks that investors should be aware of.
Recent Declines:
The stock’s recent performance shows declines over various time frames, with notable drops of -7.67% in the past month and -18.38% over the past year. This could be attributed to broader market trends, company-specific issues, or industry-related challenges.
Outlook
The positive analyst forecast and “Strong Buy” rating suggest confidence in Finning International Inc.’s growth prospects, despite recent price declines. The stock’s potential for future gains, indicated by the target price, provides a potentially attractive opportunity for investors, although the recent performance trends warrant careful consideration of any risks or challenges facing the company.
STA Research is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI.
