TD Securities Boosts Finning International (TSE:FTT) Price Target to C$57.00

Finning International (TSE:FTT) had its price target raised by analysts at TD Securities from C$50.00 to C$57.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 14.46% from the company’s current price.

A number of other analysts have also commented on the company. Canaccord Genuity Group raised their price target on Finning International from C$51.00 to C$55.00 in a research note on Friday, February 7th. BMO Capital Markets raised their target price on shares of Finning International from C$45.00 to C$50.00 in a research report on Friday, February 7th. Raymond James boosted their price target on shares of Finning International from C$50.00 to C$56.50 and gave the company an “outperform” rating in a research report on Thursday. National Bankshares increased their price target on shares of Finning International from C$48.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, CIBC cut their price objective on Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$54.94.

Finning International Trading Up 0.2%

FTT opened at C$49.80 on Thursday. Finning International has a one year low of C$34.59 and a one 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 business has a 50 day simple moving average of C$41.19 and a two-hundred day simple moving average of C$40.01. The firm has a market capitalization of C$6.84 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.56 and a beta of 1.55.

Insider Activity at Finning International

In other Finning International news, Senior Officer Kevin Parkes sold 600 shares of the business’s stock in a transaction on 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 4,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of C$51.00, for a total value of C$204,000.00. Insiders sold a total of 7,159 shares of company stock valued at $363,310 in the last three months. Company insiders own 0.10% of the company’s stock.

About Finning International

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.