Finning International (TSE:FTT) Reaches New 12-Month High - What's Next?

Finning International Inc. (TSE:FTT - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$60.29 and last traded at C$60.19, with a volume of 49279 shares trading hands. The stock had previously closed at C$59.77.

Wall Street Analysts Forecast Growth

FTT has been the topic of a number of analyst reports. National Bankshares increased their price target 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. National Bank Financial downgraded Finning International from a "strong-buy" rating to a "hold" rating in a 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 report on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. Finally, 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, May 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Finning International currently has an average rating of "Moderate Buy" and an average price target of C$54.94.

Finning International Stock Performance

The business's 50-day simple moving average is C$52.08 and its 200 day simple moving average is C$43.85. 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 firm has a market cap of C$8.24 billion, a P/E ratio of 16.78, a P/E/G ratio of 0.56 and a beta of 1.55.

Insider Buying and Selling at Finning International

In other Finning International news, Senior Officer Gregory Palaschuk sold 4,070 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$54.80, for a total transaction of C$223,036.00. Also, Senior Officer Kieran Colquhoun Holm sold 1,413 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$50.98, for a total transaction of C$72,034.46. Insiders sold a total of 17,628 shares of company stock worth $926,016 over the last quarter. 0.10% of the stock is currently owned by company insiders.

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.