Analysts Set Finning International Inc. (TSE:FTT) Target Price at C$56.50

Key Points

• Finning International Inc. has received an average recommendation of "Moderate Buy" from seven ratings firms, with an average 1-year price target of C$56.50.
• Shares of Finning International traded up 2.2% to C$61.64 recently, with a market cap of C$8.47 billion and a price-to-earnings ratio of 17.24.
• Recent insider selling included Senior Officer Gregory Palaschuk selling 4,070 shares at an average price of C$54.80, totaling C$223,036.

Shares of Finning International Inc. (TSE:FTT - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$59.44.

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their price target on Finning International from C$61.00 to C$67.00 and gave the stock an "outperform" rating in a research note on Thursday. Scotiabank cut their price target on shares of Finning International from C$65.00 to C$64.00 and set an "outperform" rating for the company in a report on Thursday. Raymond James Financial boosted their target price on Finning International from C$56.00 to C$68.00 and gave the stock an "outperform" rating in a research report on Thursday. National Bankshares upped their price objective on shares of Finning International from C$48.00 to C$53.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, TD Securities raised 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.

Insider Activity

In related news, Senior Officer Kieran Colquhoun Holm sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$51.00, for a total value of C$204,000.00. Also, Senior Officer Kevin Parkes sold 600 shares of Finning International stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of C$51.42, for a total transaction of C$30,852.00. Insiders sold 17,628 shares of company stock valued at $926,016 in the last three months. Corporate insiders own 0.10% of the company's stock.

Finning International Stock Performance

FTT traded down C$0.13 during trading on Tuesday, reaching C$57.64. 579,044 shares of the company were exchanged, compared to its average volume of 497,384. Finning International has a 52 week low of C$34.59 and a 52 week high of C$62.78. The firm has a 50 day moving average of C$57.66 and a 200 day moving average of C$47.04. 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 stock has a market cap of C$7.92 billion, a P/E ratio of 16.12, a PEG 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.