Finning International Inc. (TSE:FTT) Director Harold N. Kvisle Purchases 3,000 Shares

Finning International Inc. (TSE:FTTGet Rating) Director Harold N. Kvisle purchased 3,000 shares of the stock in a transaction on Thursday, May 12th. The shares were bought at an average price of C$32.65 per share, for a total transaction of C$97,950.00. Following the acquisition, the director now owns 38,000 shares of the company’s stock, valued at C$1,240,700.

Shares of TSE FTT traded down C$0.13 during midday trading on Friday, reaching C$32.77. 813,518 shares of the company traded hands, compared to its average volume of 408,529. The firm has a market cap of C$5.12 billion and a PE ratio of 14.56. The stock’s 50-day simple moving average is C$37.22 and its 200-day simple moving average is C$35.57. Finning International Inc. has a 12 month low of C$29.71 and a 12 month high of C$40.22. The company has a debt-to-equity ratio of 77.38, a quick ratio of 0.82 and a current ratio of 1.68.

FTT has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on shares of Finning International from C$43.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Thursday, February 10th. BMO Capital Markets raised their target price on Finning International from C$35.00 to C$38.00 in a research report on Thursday, February 10th. Raymond James set a C$46.00 target price on Finning International and gave the stock an “outperform” rating in a research report on Tuesday, May 10th. TD Securities raised their target price on Finning International from C$45.00 to C$46.00 and gave the stock a “buy” rating in a research report on Thursday, February 10th. Finally, Canaccord Genuity Group raised their target price on Finning International from C$44.00 to C$46.00 in a research report on Thursday, February 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$45.30.

About Finning International (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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