Finning International (TSE:FTT – Get Rating) has been assigned a C$46.00 price objective by research analysts at Raymond James in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 36.13% from the stock’s current price.
FTT has been the subject of several other reports. Royal Bank of Canada increased their price target on Finning International from C$43.00 to C$47.00 and gave the stock an “outperform” rating in a report on Thursday, February 10th. Canaccord Genuity Group raised their price objective on Finning International from C$44.00 to C$46.00 in a research report on Thursday, February 10th. Scotiabank lifted their price target on Finning International from C$45.00 to C$46.00 in a report on Friday, April 22nd. TD Securities lifted their price target on Finning International from C$45.00 to C$46.00 and gave the stock a “buy” rating in a report on Thursday, February 10th. Finally, BMO Capital Markets lifted their price target on Finning International from C$35.00 to C$38.00 in a report on Thursday, February 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$45.30.
TSE FTT traded down C$1.23 during trading on Tuesday, hitting C$33.79. The company’s stock had a trading volume of 444,910 shares, compared to its average volume of 390,651. The company has a quick ratio of 0.82, a current ratio of 1.68 and a debt-to-equity ratio of 77.38. The firm has a 50 day moving average price of C$37.55 and a 200 day moving average price of C$35.57. The firm has a market cap of C$5.33 billion and a P/E ratio of 15.04. Finning International has a 52 week low of C$29.71 and a 52 week high of C$40.22.
In other Finning International news, Senior Officer Anna Pia Marks sold 6,330 shares of Finning International stock in a transaction dated Friday, March 4th. The stock was sold at an average price of C$37.86, for a total transaction of C$239,639.24. Following the transaction, the insider now directly owns 28,816 shares of the company’s stock, valued at approximately C$1,090,907.48. Also, Senior Officer Sebastian Tomas Guridi sold 2,992 shares of Finning International stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of C$38.50, for a total value of C$115,192.00. Following the transaction, the insider now directly owns 997 shares in the company, valued at C$38,384.50. In the last quarter, insiders sold 14,214 shares of company stock worth $542,250.
Finning International Company Profile (Get Rating)
Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.
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