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

Shares of Finning International Inc. (TSE:FTT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$54.94.

A number of research firms recently issued reports on FTT. TD Securities raised their target price on shares of Finning International from C$50.00 to C$57.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. National Bank Financial lowered shares of Finning International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 21st. BMO Capital Markets raised their target price on shares of Finning International from C$48.00 to C$52.00 in a research note on Thursday, May 22nd. Scotiabank raised their target price on shares of Finning International from C$48.00 to C$55.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada raised their target price on shares of Finning International from C$49.00 to C$61.00 in a research note on Thursday, May 22nd.

Finning International Stock Performance

TSE:FTT traded up C$0.06 during midday trading on Friday, reaching C$60.05. The stock had a trading volume of 471,533 shares, compared to its average volume of 487,047. Finning International has a 1-year low of C$34.59 and a 1-year high of C$60.72. The firm's fifty day simple moving average is C$52.50 and its 200-day simple moving average is C$44.06. 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 stock has a market capitalization of C$8.25 billion, a P/E ratio of 16.80, a PEG ratio of 0.56 and a beta of 1.55.

Insider Activity at Finning International

In other Finning International news, Senior Officer Kevin Parkes sold 600 shares of the 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. Also, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of C$50.82, for a total transaction of C$167,655.18. Insiders sold 17,628 shares of company stock valued at $926,016 in the last quarter. Company 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.