Finning International (TSE:FTT) Price Target Raised to C$53.00

Finning International (TSE:FTT) had its price target hoisted by National Bankshares from C$48.00 to C$53.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on FTT. TD Securities boosted their target price on shares of Finning International from C$47.00 to C$50.00 in a report on Monday, February 24th. CIBC decreased their target price on shares of Finning International from C$50.00 to C$49.00 in a report on Monday, February 3rd. BMO Capital Markets boosted their target price on shares of Finning International from C$45.00 to C$50.00 in a report on Friday, February 7th. Canaccord Genuity Group boosted their target price on shares of Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. Finally, Raymond James upped their price objective on shares of Finning International from C$50.00 to C$56.50 and gave the stock an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$54.94.

Finning International Stock Performance

TSE:FTT opened at C$49.80 on Thursday. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The firm has a market capitalization of C$6.84 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.56 and a beta of 1.55. The company’s 50-day moving average is C$41.19 and its two-hundred day moving average is C$40.01. Finning International has a 1-year low of C$34.59 and a 1-year high of C$52.19.

Insider Transactions at Finning International

In related news, Senior Officer Kieran Colquhoun Holm sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of C$51.00, for a total transaction of C$204,000.00. Also, Senior Officer Kevin Parkes sold 600 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of C$51.42, for a total transaction of C$30,852.00. In the last three months, insiders have sold 7,159 shares of company stock worth $363,310. 0.10% of the stock is currently owned by insiders.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.