TD Securities Forecasts Strong Price Appreciation for Finning International (TSE:FTT) Stock

Finning International (TSE:FTT) had its price target raised by stock analysts at TD Securities from C$47.00 to C$50.00 in a report released on Monday,BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 14.84% from the stock’s current price.

A number of other research analysts have also issued reports on FTT. Royal Bank of Canada dropped their price target on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. CIBC decreased their price objective on shares of Finning International from C$50.00 to C$49.00 in a report on Monday, February 3rd. Canaccord Genuity Group decreased their price objective on shares of Finning International from C$53.00 to C$51.00 in a report on Thursday, November 14th. Canaccord Genuity Group boosted their price objective on shares of Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. Finally, Raymond James decreased their price objective on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$49.89.

Finning International Trading Up 0.7 %

TSE FTT opened at C$43.54 on Monday. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The firm has a market cap of C$5.98 billion, a PE ratio of 12.18, a P/E/G ratio of 0.56 and a beta of 1.55. Finning International has a one year low of C$34.38 and a one year high of C$45.17. The firm’s fifty day moving average is C$39.33 and its two-hundred day moving average is C$39.77.

Insider Buying and Selling at Finning International

In related news, Senior Officer Cheryl Lynn Gray sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of C$44.35, for a total transaction of C$110,884.50. Also, Senior Officer Juan Pablo Amar sold 1,899 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of C$43.18, for a total transaction of C$82,004.33. Insiders have sold 7,784 shares of company stock valued at $336,391 over the last quarter. Corporate 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.