Finning International (TSE:FTT – Get Rating) had its target price boosted by research analysts at Scotiabank from C$38.00 to C$39.00 in a research report issued on Thursday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 39.19% from the company’s current price.
A number of other research firms have also commented on FTT. Raymond James set a C$46.00 price target on shares of Finning International and gave the company an “outperform” rating in a research report on Tuesday, May 10th. BMO Capital Markets reduced their price target on shares of Finning International from C$38.00 to C$32.00 in a research report on Monday, June 27th. National Bankshares boosted their price target on shares of Finning International from C$41.00 to C$46.00 in a research report on Wednesday, July 13th. Finally, CIBC cut their target price on shares of Finning International from C$50.00 to C$35.00 in a research report on Wednesday, July 13th.
Finning International Trading Down 1.8 %
Shares of FTT stock opened at C$28.02 on Thursday. The company’s fifty day simple moving average is C$28.61 and its two-hundred day simple moving average is C$33.71. The company has a debt-to-equity ratio of 91.20, a current ratio of 1.52 and a quick ratio of 0.58. Finning International has a 1 year low of C$23.89 and a 1 year high of C$40.22. The stock has a market capitalization of C$4.31 billion and a price-to-earnings ratio of 11.68.
Insider Buying and Selling
In related news, Director Harold N. Kvisle bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 23rd. The stock was bought at an average cost of C$26.92 per share, for a total transaction of C$134,600.00. Following the completion of the transaction, the director now owns 45,000 shares of the company’s stock, valued at C$1,211,400. In other Finning International news, Director Harold N. Kvisle purchased 5,000 shares of the stock in a transaction on Thursday, June 23rd. The stock was acquired at an average cost of C$26.92 per share, with a total value of C$134,600.00. Following the completion of the purchase, the director now directly owns 45,000 shares of the company’s stock, valued at approximately C$1,211,400. Also, Senior Officer David William Cummings sold 2,702 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of C$33.37, for a total transaction of C$90,165.74. Following the completion of the sale, the insider now directly owns 97,607 shares of the company’s stock, valued at C$3,257,145.59. Over the last ninety days, insiders purchased 8,800 shares of company stock worth $254,134.
About Finning International
Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.
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