Finning International Inc. (TSE:FTT) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Finning International Inc. has received a consensus rating of "Moderate Buy" from eight brokerages, with one hold and seven buy recommendations.
• The average target price for Finning International's stock among brokerages is C$59.44, reflecting varying estimates from multiple analysts.
• Recent insider trading includes sales of shares by senior officers totaling C$570,740 over the past ninety days, indicating potential confidence or concerns from company executives.

Finning International Inc. (TSE:FTT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$59.44.

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Finning International from C$55.00 to C$60.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on shares of Finning International from C$61.00 to C$67.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. TD Securities lifted 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 report on Thursday, May 22nd. Scotiabank cut their price objective on shares of Finning International from C$65.00 to C$64.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Finally, National Bank Financial downgraded shares of Finning International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Finning International Stock Performance

TSE FTT opened at C$56.94 on Friday. The company has a fifty day simple moving average of C$58.95 and a 200 day simple moving average of C$49.03. Finning International has a 12-month low of C$34.59 and a 12-month high of C$62.78. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. The company has a market cap of C$7.55 billion, a P/E ratio of 12.22, a PEG ratio of 0.56 and a beta of 1.23.

Insiders Place Their Bets

In other Finning International news, Senior Officer Gregory Palaschuk sold 4,070 shares of Finning International stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$54.80, for a total transaction of C$223,036.00. Also, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of Finning International stock in a transaction on Thursday, June 5th. The stock was sold at an average price of C$50.82, for a total transaction of C$167,655.18. Insiders have sold a total of 10,654 shares of company stock worth $570,740 over the last ninety days. Insiders own 0.10% 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.

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