Finning International Inc. (TSE:FTT - Get Free Report)'s share price reached a new 52-week high on Friday . The company traded as high as C$52.22 and last traded at C$51.96, with a volume of 31475 shares changing hands. The stock had previously closed at C$51.10.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Scotiabank raised their target price on Finning International from C$48.00 to C$55.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. TD Securities raised their price objective on Finning International from C$50.00 to C$57.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group lifted their price target on shares of 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. Royal Bank of Canada lifted their price target on shares of Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. Finally, National Bankshares lifted their target price on shares of Finning International from C$48.00 to C$53.00 and gave the stock 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$54.94.
Check Out Our Latest Report on Finning International
Finning International Price Performance
The stock's 50-day moving average is C$43.23 and its 200-day moving average is C$40.74. The firm has a market cap of C$7.24 billion, a P/E ratio of 14.75, a price-to-earnings-growth 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 Kieran Colquhoun Holm sold 4,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$51.00, for a total value of C$204,000.00. Also, 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 value of C$30,852.00. Over the last ninety days, insiders have sold 6,974 shares of company stock worth $355,276. Company insiders own 0.10% of the company's stock.
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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