Finning International (TSE:FTT) Lowered to Hold Rating by National Bank Financial

National Bank Financial downgraded shares of Finning International (TSE:FTT - Free Report) from a strong-buy rating to a hold rating in a research note released on Wednesday, May 21st,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Scotiabank raised their price target on 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. Royal Bank of Canada upped their price target on shares of Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. Canaccord Genuity Group upped their target price on shares of Finning International from C$55.00 to C$60.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. National Bankshares lifted their target price on 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. Finally, CIBC dropped their price target on Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Finning International has a consensus rating of "Moderate Buy" and an average target price of C$54.94.

Finning International Stock Up 1.0%

Shares of TSE:FTT traded up C$0.48 during mid-day trading on Wednesday, reaching C$50.51. 119,167 shares of the stock were exchanged, compared to its average volume of 472,410. The company has a market cap of C$6.94 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.56 and a beta of 1.55. The stock's 50 day simple moving average is C$41.58 and its 200-day simple moving average is C$40.12. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. Finning International has a one year low of C$34.59 and a one year high of C$52.19.

Insider Buying and Selling

In related news, Senior Officer Kieran Colquhoun Holm sold 4,000 shares of the business's stock in a transaction dated 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 the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of C$51.42, for a total transaction of C$30,852.00. In the last ninety days, insiders sold 6,974 shares of company stock valued at $355,276. 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.