Finning International Inc. (TSE:FTT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$60.73 and last traded at C$60.48, with a volume of 100057 shares trading hands. The stock had previously closed at C$60.05.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on FTT. Raymond James Financial upped their price objective on Finning International from C$50.00 to C$56.50 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. TD Securities upped their price objective on Finning International from C$50.00 to C$57.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Canaccord Genuity Group upped their price objective on Finning International from C$55.00 to C$60.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. National Bankshares upped their price objective on Finning International from C$48.00 to C$53.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Scotiabank upped their price objective on Finning International from C$48.00 to C$55.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Finning International currently has an average rating of "Moderate Buy" and an average price target of C$54.94.
Read Our Latest Analysis on Finning International
Finning International Price 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 market cap of C$8.45 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a fifty day simple moving average of C$53.79 and a two-hundred day simple moving average of C$44.50.
Insider Transactions at Finning International
In other news, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of C$50.82, for a total value of C$167,655.18. Also, Senior Officer Gregory Palaschuk sold 4,070 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$54.80, for a total value of C$223,036.00. Insiders sold a total of 17,628 shares of company stock worth $926,016 over the last ninety days. 0.10% of the stock is currently owned by company 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.
Further Reading
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