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

Finning International Inc. (TSE:FTT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation 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.

Several research firms recently commented on FTT. Raymond James Financial upped their target price on shares of Finning International from C$50.00 to C$56.50 and gave the company an "outperform" 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 report on Wednesday, May 21st. BMO Capital Markets lifted their target price on Finning International from C$48.00 to C$52.00 in a research report on Thursday, May 22nd. Royal Bank Of Canada boosted their price target on Finning International from C$49.00 to C$61.00 in a research note on Thursday, May 22nd. Finally, National Bankshares raised their price objective on Finning International from C$48.00 to C$53.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd.

Insider Buying and Selling

In other news, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of C$50.82, for a total value of C$167,655.18. Also, Senior Officer Kieran Colquhoun Holm sold 1,413 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$50.98, for a total value of C$72,034.46. Insiders sold a total of 17,628 shares of company stock valued at $926,016 over the last ninety days. Company insiders own 0.10% of the company's stock.

Finning International Stock Performance

Shares of TSE:FTT traded up C$0.06 during midday trading on Friday, hitting C$60.05. The company's stock had a trading volume of 471,533 shares, compared to its average volume of 487,047. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The stock's 50 day simple moving average is C$52.08 and its 200 day simple moving average is C$43.85. The stock has a market capitalization of C$8.25 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 0.56 and a beta of 1.55. Finning International has a fifty-two week low of C$34.59 and a fifty-two week high of C$60.72.

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.