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 stock 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.

Analysts Set New Price Targets

Several research firms recently weighed in on FTT. Royal Bank Of Canada upped their price target on Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. Raymond James Financial upped their target price on Finning International from C$50.00 to C$56.50 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. National Bankshares upped their target price 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. BMO Capital Markets upped their target price on Finning International from C$48.00 to C$52.00 in a research report on Thursday, May 22nd. Finally, National Bank Financial lowered Finning International from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$54.94.

Finning International Stock Performance

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 market cap of C$8.36 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The stock has a fifty day moving average price of C$52.50 and a 200 day moving average price of C$44.11.

Insider Buying and Selling

In other news, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of C$50.82, for a total transaction of C$167,655.18. Also, Senior Officer Kieran Colquhoun Holm sold 4,000 shares of the 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. In the last quarter, insiders sold 17,628 shares of company stock worth $926,016. 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.