Finning International (TSE:FTT) PT Raised to C$53.00

Finning International (TSE:FTT) had its price target hoisted by equities research analysts at Scotiabank from C$52.00 to C$53.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 26.70% from the company’s current price.

A number of other equities analysts have also commented on the stock. BMO Capital Markets decreased their price objective on shares of Finning International from C$48.00 to C$47.00 in a research note on Wednesday, February 7th. National Bankshares raised shares of Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 price objective for the company in a research note on Thursday, February 8th. Royal Bank of Canada decreased their price objective on shares of Finning International from C$50.00 to C$45.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. National Bank Financial raised shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, February 7th. Finally, TD Securities lifted their target price on shares of Finning International from C$40.00 to C$41.00 and gave the company a “hold” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$47.63.

Finning International Stock Down 1.4 %

FTT stock opened at C$41.83 on Tuesday. The company has a debt-to-equity ratio of 106.56, a current ratio of 1.41 and a quick ratio of 0.59. Finning International has a 1-year low of C$33.72 and a 1-year high of C$46.30. The firm has a fifty day moving average price of C$37.82 and a two-hundred day moving average price of C$37.79. The firm has a market cap of C$6.02 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.56 and a beta of 1.63.

Finning International (TSE:FTT) last released its quarterly earnings results on Tuesday, February 6th. The company reported C$0.96 EPS for the quarter, topping the consensus estimate of C$0.94 by C$0.02. The business had revenue of C$2.40 billion during the quarter, compared to analyst estimates of C$2.54 billion. Finning International had a net margin of 4.97% and a return on equity of 20.88%. Research analysts predict that Finning International will post 3.9857007 EPS for the current year.

Insider Buying and Selling at Finning International

In other news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. In related news, Senior Officer Kevin Parkes purchased 3,000 shares of Finning International stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of C$36.14 per share, for a total transaction of C$108,420.00. Also, Senior Officer David Francis Neil Primrose sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. Company insiders own 0.12% of the company’s stock.

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.