Finning International (TSE:FTT) Cut to "Hold" at National Bank Financial

Finning International (TSE:FTT - Get Free Report) was downgraded by equities researchers at National Bank Financial from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

Several other research analysts have also weighed in on FTT. Canaccord Genuity Group increased their target price on shares of Finning International from C$55.00 to C$60.00 and gave the stock a "buy" rating in a research note on Thursday. Royal Bank of Canada increased their price objective on shares of Finning International from C$49.00 to C$61.00 in a research report on Thursday. Scotiabank boosted their target price on Finning International from C$48.00 to C$55.00 and gave the company an "outperform" rating in a research report on Thursday. CIBC decreased their price target on Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. Finally, Raymond James raised their price target on Finning International from C$50.00 to C$56.50 and gave the stock an "outperform" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Finning International currently has an average rating of "Moderate Buy" and an average price target of C$54.94.

Finning International Price Performance

TSE:FTT opened at C$49.72 on Wednesday. Finning International has a 52 week low of C$34.59 and a 52 week high of C$52.19. The stock's fifty day moving average is C$41.00 and its two-hundred day moving average is C$39.95. The company has a market capitalization of C$6.83 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14.

Insider Activity

In related news, Senior Officer Kevin Parkes sold 600 shares of the company'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. Also, Senior Officer Kieran Colquhoun Holm sold 1,413 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$50.98, for a total transaction of C$72,034.46. Over the last three months, insiders have sold 7,159 shares of company stock worth $363,310. Corporate 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.

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