Finning International (TSE:FTT) Price Target Raised to C$68.00

Key Points

• Analysts at Raymond James Financial raised their price target for Finning International from C$56.00 to C$68.00, indicating a potential upside of 17.95% from its current price.
• Multiple other analysts have also increased their price targets for the stock, with an average target now at C$59.44 and a consensus rating of "Moderate Buy."
• Finning International's stock is down 0.8%, currently trading at C$57.65 despite recent optimistic price target adjustments by several financial institutions.

Finning International (TSE:FTT - Get Free Report) had its price objective hoisted by analysts at Raymond James Financial from C$56.00 to C$68.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's target price indicates a potential upside of 17.95% from the stock's current price.

Several other research analysts have also recently weighed in on FTT. National Bankshares increased their price target on shares of Finning International from C$48.00 to C$53.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets upped their price objective on Finning International from C$57.00 to C$66.00 in a report on Tuesday, July 22nd. Scotiabank increased their target price on shares of Finning International from C$48.00 to C$55.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. 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 report on Thursday, May 22nd. Finally, Royal Bank Of Canada increased their target price on shares of Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$59.44.

Finning International Stock Down 0.8%

FTT stock traded down C$0.48 during midday trading on Thursday, hitting C$57.65. The company's stock had a trading volume of 578,828 shares, compared to its average volume of 494,242. The stock has a market capitalization of C$7.92 billion, a P/E ratio of 16.12, a PEG ratio of 0.56 and a beta of 1.55. The company's fifty day moving average price is C$57.51 and its 200 day moving average price is C$46.91. Finning International has a twelve month low of C$34.59 and a twelve month high of C$62.78. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59.

Insider Buying and Selling

In related news, Senior Officer Kevin Parkes sold 600 shares of Finning International stock in a transaction 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 Finning International stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$50.98, for a total transaction of C$72,034.46. In the last ninety days, insiders sold 17,628 shares of company stock worth $926,016. 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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