Finning International (TSE:FTT) Cut to “Hold” at National Bank Financial

National Bank Financial downgraded shares of Finning International (TSE:FTT) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on FTT. Scotiabank boosted their target price on shares of Finning International from C$48.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Securities raised their price target on shares of Finning International from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Thursday. National Bankshares boosted their price objective on shares of Finning International from C$48.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets upped their price objective on Finning International from C$48.00 to C$52.00 in a report on Thursday. Finally, Raymond James lifted their target price on Finning International from C$50.00 to C$56.50 and gave the company an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$54.94.

Finning International Price Performance

Finning International stock opened at C$49.80 on Wednesday. The business’s fifty day moving average is C$41.19 and its two-hundred day moving average is C$40.01. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The firm has a market cap of C$6.84 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.56 and a beta of 1.55. Finning International has a 52 week low of C$34.59 and a 52 week high of C$52.19.

Insider Buying and Selling at Finning International

In other news, Senior Officer Kevin Parkes sold 600 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of C$51.42, for a total value of C$30,852.00. Also, Senior Officer Kieran Colquhoun Holm sold 1,413 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$50.98, for a total transaction of C$72,034.46. Over the last ninety days, insiders have sold 7,159 shares of company stock valued at $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.