Shares of Finning International Inc. (TSE:FTT - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$56.32 and last traded at C$56.23, with a volume of 70649 shares changing hands. The stock had previously closed at C$55.22.
Analysts Set New Price Targets
A number of research firms have issued reports on FTT. Canaccord Genuity Group boosted their price target 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. Raymond James Financial upped their target price on Finning International from C$50.00 to C$56.50 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. BMO Capital Markets upped their target price on Finning International from C$48.00 to C$52.00 in a research report on Thursday, May 22nd. National Bank Financial downgraded Finning International from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada upped their target price on Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Finning International presently has an average rating of "Moderate Buy" and a consensus price target of C$54.94.
Get Our Latest Stock Report on FTT
Finning International Stock Performance
The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. The company has a 50 day moving average of C$48.02 and a 200 day moving average of C$42.38. The firm has a market cap of C$7.78 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.56 and a beta of 1.55.
Insider Buying and Selling
In other Finning International news, Senior Officer Gregory Palaschuk sold 3,172 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$173,825.60. 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 shares were sold at an average price of C$51.00, for a total value of C$204,000.00. Over the last 90 days, insiders have sold 17,628 shares of company stock worth $926,016. 0.10% of the stock is currently owned by corporate insiders.
About Finning International
(
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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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