Finning International (TSE:FTT) Stock Price Expected to Rise, TD Securities Analyst Says

Finning International (TSE:FTT) had its price objective lifted by TD Securities from C$47.00 to C$50.00 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on FTT. Royal Bank of Canada lowered their price objective on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Canaccord Genuity Group lowered their price objective on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. BMO Capital Markets lifted their price objective on shares of Finning International from C$45.00 to C$50.00 in a research report on Friday, February 7th. CIBC lowered their price objective on shares of Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. Finally, Canaccord Genuity Group lifted their price objective on shares of Finning International from C$51.00 to C$55.00 in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Finning International presently has an average rating of “Buy” and a consensus price target of C$49.89.

Finning International Stock Performance

Shares of FTT opened at C$42.94 on Monday. 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$5.90 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company’s 50 day simple moving average is C$39.45 and its 200-day simple moving average is C$39.80. Finning International has a 12-month low of C$34.43 and a 12-month high of C$45.17.

Insider Transactions at Finning International

In related news, Senior Officer Juan Pablo Amar sold 1,899 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of C$43.18, for a total transaction of C$82,004.33. Also, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of C$42.10, for a total value of C$126,300.00. In the last quarter, insiders sold 7,784 shares of company stock worth $336,391. 0.10% of the stock is currently owned by company insiders.

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.