Finning International Inc. (TSE:FTT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Finning International Inc. (TSE:FTT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$54.94.

Several research firms have recently issued reports on FTT. National Bankshares upped their target price on shares of Finning International from C$48.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. BMO Capital Markets raised their target price on shares of Finning International from C$48.00 to C$52.00 in a report on Thursday, May 22nd. Canaccord Genuity Group raised their price objective on Finning International from C$55.00 to C$60.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Scotiabank lifted their price target on Finning International from C$48.00 to C$55.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their target price on Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd.

Insiders Place Their Bets

In other news, Senior Officer Gregory Palaschuk sold 4,070 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$54.80, for a total transaction of C$223,036.00. Also, 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. Over the last quarter, insiders have sold 17,628 shares of company stock valued at $926,016. 0.10% of the stock is owned by company insiders.

Finning International Stock Performance

Finning International stock traded up C$0.79 during midday trading on Friday, hitting C$60.84. The company's stock had a trading volume of 320,481 shares, compared to its average volume of 485,108. Finning International has a 1-year low of C$34.59 and a 1-year high of C$60.85. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The company has a 50-day moving average price of C$52.50 and a two-hundred day moving average price of C$44.11. The company has a market cap of C$8.36 billion, a price-to-earnings ratio of 17.02, 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.