Finning International (TSE:FTT) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Finning International (TSE:FTT) had its price objective increased by stock analysts at Canaccord Genuity Group from C$55.00 to C$60.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 20.48% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. TD Securities increased their target price on shares of Finning International from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research note on Thursday. CIBC reduced their price objective on Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. National Bankshares lifted their target price on Finning International from C$48.00 to C$53.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James boosted their target price on Finning International from C$50.00 to C$56.50 and gave the company an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets increased their price target on Finning International from C$48.00 to C$52.00 in a report on Thursday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$54.94.

Finning International Stock Up 0.2%

Shares of TSE:FTT opened at C$49.80 on Thursday. Finning International has a 1-year low of C$34.59 and a 1-year high of C$52.19. 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 stock 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. The firm has a fifty day moving average price of C$41.19 and a 200 day moving average price of C$40.01.

Insider Transactions at Finning International

In related news, Senior Officer Kieran Colquhoun Holm sold 1,413 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$50.98, for a total transaction of C$72,034.46. Also, Senior Officer Kevin Parkes sold 600 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of C$51.42, for a total value of C$30,852.00. In the last three months, insiders sold 7,159 shares of company stock valued at $363,310. Corporate insiders own 0.10% of the company’s stock.

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.