Finning International Inc. (TSE:FTT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Finning International Inc. (TSE:FTT) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$54.94.

A number of research analysts have commented on FTT shares. National Bankshares increased their price objective on shares of Finning International from C$48.00 to C$53.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Canaccord Genuity Group increased their price objective on shares of Finning International from C$55.00 to C$60.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. TD Securities increased their price objective on shares of Finning International from C$50.00 to C$57.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Scotiabank increased their price objective on shares of Finning International from C$48.00 to C$55.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Finally, Raymond James increased their price objective on shares of Finning International from C$50.00 to C$56.50 and gave the company an “outperform” rating in a research note on Thursday, May 22nd.

Finning International Price Performance

Finning International stock opened at C$54.71 on Monday. Finning International has a 52-week low of C$34.59 and a 52-week high of C$56.13. The firm has a fifty day moving average of C$44.82 and a 200-day moving average of C$41.36. The firm has a market capitalization of C$7.52 billion, a P/E ratio of 15.30, a PEG ratio of 0.56 and a beta of 1.55. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14.

Insiders Place Their Bets

In related news, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of C$50.82, for a total transaction of C$167,655.18. Also, Senior Officer Kieran Colquhoun Holm sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$51.00, for a total transaction of C$204,000.00. Insiders sold a total of 10,273 shares of company stock worth $522,932 over the last ninety days. 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.