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Finning International (TSE:FTT) Hits New 52-Week High - Time to Buy?

Finning International logo with Industrials background

Finning International Inc. (TSE:FTT - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as C$54.75 and last traded at C$54.60, with a volume of 578380 shares changing hands. The stock had previously closed at C$52.61.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. Canaccord Genuity Group raised their price objective on 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. National Bank Financial lowered Finning International from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. 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 report on Thursday, May 22nd. Finally, Raymond James raised their price objective on Finning International from C$50.00 to C$56.50 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Finning International currently has an average rating of "Moderate Buy" and a consensus price target of C$54.94.

Read Our Latest Research Report on FTT

Finning International Stock Performance

The firm has a market capitalization of C$7.52 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The stock has a 50-day moving average price of C$44.82 and a 200-day moving average price of C$41.36.

Insider Buying and Selling

In other Finning International news, Senior Officer Kevin Parkes sold 600 shares of Finning International stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of C$51.42, for a total value of C$30,852.00. Also, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of Finning International stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of C$50.82, for a total value of C$167,655.18. Over the last three months, insiders sold 10,273 shares of company stock worth $522,932. Corporate insiders own 0.10% of the company's stock.

Finning International Company Profile

(Get Free Report)

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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