Analysts Set Finning International Inc. (TSE:FTT) PT at C$54.94

Shares of Finning International Inc. (TSE:FTT) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$54.94.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada boosted their target price on Finning International from C$49.00 to C$61.00 in a research note on Thursday, May 22nd. Scotiabank upped their price target on Finning International from C$48.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. TD Securities upped their price target on Finning International from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Raymond James Financial upped their price target on Finning International from C$50.00 to C$56.50 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, National Bankshares upped their price target on Finning International from C$48.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd.

Finning International Stock Up 0.1%

FTT stock opened at C$60.05 on Friday. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. Finning International has a fifty-two week low of C$34.59 and a fifty-two week high of C$60.72. The company has a market capitalization of C$8.25 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 0.56 and a beta of 1.55. The stock has a fifty day moving average of C$52.50 and a 200-day moving average of C$44.11.

Insider Buying and Selling

In other news, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of Finning International stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of C$50.82, for a total value of C$167,655.18. Also, Senior Officer Kieran Colquhoun Holm sold 4,000 shares of Finning International stock in a transaction dated 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 17,628 shares of company stock worth $926,016 in the last 90 days. 0.10% of the stock is owned by company insiders.

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.