Brokerages Set Finning International Inc. (TSE:FTT) Target Price at C$54.94

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

Several analysts have recently weighed in on the stock. National Bankshares lifted their price target 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. Raymond James Financial boosted their price objective on shares of 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. TD Securities boosted their price objective on shares of 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. BMO Capital Markets boosted their price objective on shares of Finning International from C$48.00 to C$52.00 in a research note on Thursday, May 22nd. Finally, National Bank Financial downgraded shares of Finning International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 21st.

Insider Activity at Finning International

In related news, Senior Officer Gregory Palaschuk sold 3,172 shares of the company’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$54.80, for a total value of C$173,825.60. Also, Senior Officer Kevin Parkes sold 600 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of C$51.42, for a total value of C$30,852.00. Insiders have sold a total of 17,628 shares of company stock valued at $926,016 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Finning International Stock Performance

Finning International stock opened at C$54.65 on Monday. The company has a 50 day moving average price of C$45.85 and a 200-day moving average price of C$41.69. 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$56.13. The company has a market capitalization of C$7.51 billion, a PE ratio of 15.29, a P/E/G ratio of 0.56 and a beta of 1.55.

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.