Finning International (TSE:FTT) Sets New 52-Week High - Should You Buy?

Finning International Inc. (TSE:FTT - Get Free Report) shares hit a new 52-week high during mid-day trading 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 Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of Finning International from C$48.00 to C$55.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. TD Securities increased 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 note on Thursday, May 22nd. Canaccord Genuity Group boosted their target price on shares of Finning International from C$55.00 to C$60.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. National Bank Financial lowered shares of Finning International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, BMO Capital Markets lifted their price target on Finning International from C$48.00 to C$52.00 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Finning International has a consensus rating of "Moderate Buy" and a consensus price target of C$54.94.

Finning International Trading Up 0.1%

The firm has a market cap of C$7.51 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.56 and a beta of 1.55. The business's 50-day moving average is C$44.09 and its two-hundred day moving average is C$41.10. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14.

Insider Buying and Selling at Finning International

In related news, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the stock in a transaction that occurred 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 Kieran Colquhoun Holm sold 1,413 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$50.98, for a total value of C$72,034.46. Over the last three months, insiders have sold 10,273 shares of company stock worth $522,932. 0.10% of the stock is owned by insiders.

About Finning International

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.