National Bankshares Forecasts Strong Price Appreciation for Finning International (TSE:FTT) Stock

Finning International (TSE:FTT) had its price target raised by equities research analysts at National Bankshares from C$48.00 to C$53.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 6.43% from the company’s current price.

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

Finning International Stock Up 0.2%

Shares of FTT opened at C$49.80 on Thursday. 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 company has a 50-day simple moving average of C$41.19 and a 200-day simple moving average of C$40.01. Finning International has a 52 week low of C$34.59 and a 52 week high of C$52.19. The firm has a market capitalization 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.

Insider Transactions at Finning International

In related news, Senior Officer Kieran Colquhoun Holm sold 1,413 shares of the stock in a transaction that occurred 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 Finning International stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$51.42, for a total transaction of C$30,852.00. In the last ninety days, insiders sold 7,159 shares of company stock worth $363,310. 0.10% of the stock is currently owned by company 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.