Finning International (TSE:FTT) Hits New 52-Week High - Still a Buy?

Finning International Inc. (TSE:FTT - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as C$57.93 and last traded at C$57.93, with a volume of 121777 shares changing hands. The stock had previously closed at C$57.58.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Securities lifted their price objective on shares of Finning International from C$50.00 to C$57.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. BMO Capital Markets raised 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 raised their target price on Finning International from C$49.00 to C$61.00 in a 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. Finally, National Bankshares raised their target price on Finning International from C$48.00 to C$53.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Finning International currently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.94.

Finning International Stock Up 1.1%

The firm has a market cap of C$8.00 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. The firm has a 50 day moving average price of C$48.81 and a 200-day moving average price of C$42.70.

Insider Transactions at Finning International

In other news, Senior Officer Kevin Parkes sold 600 shares of Finning International stock in a transaction on Thursday, May 15th. The stock was 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 4,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$51.00, for a total transaction of C$204,000.00. Over the last quarter, 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.