Insider Selling: Finning International Inc. (TSE:FTT) Senior Officer Sells 3,172 Shares of Stock

Finning International Inc. (TSE:FTT - Get Free Report) Senior Officer Gregory Palaschuk sold 3,172 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$54.80, for a total value of C$173,825.60.

Gregory Palaschuk also recently made the following trade(s):

• On Monday, June 16th, Gregory Palaschuk sold 4,070 shares of Finning International stock. The stock was sold at an average price of C$54.80, for a total value of C$223,036.00.
• On Thursday, May 15th, Gregory Palaschuk sold 200 shares of Finning International stock. The stock was sold at an average price of C$51.33, for a total value of C$10,266.00.

Finning International Price Performance

TSE:FTT traded up C$0.32 on Friday, reaching C$55.22. The stock had a trading volume of 796,081 shares, compared to its average volume of 477,460. Finning International Inc. has a 1-year low of C$34.59 and a 1-year high of C$56.13. The company has a market capitalization of C$7.59 billion, a P/E ratio of 15.45, 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. The stock has a fifty day moving average price of C$46.55 and a 200-day moving average price of C$41.90.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FTT shares. Canaccord Genuity Group upped their price target on Finning International from C$55.00 to C$60.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. National Bank Financial lowered Finning International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 21st. Raymond James Financial lifted their price target on shares of 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. TD Securities lifted their price target on shares of 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, National Bankshares boosted their price target on Finning International from C$48.00 to C$53.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.94.

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.