Finning International (TSE:FTT) Given New C$53.00 Price Target at National Bankshares

Finning International (TSE:FTT) had its target price raised by National Bankshares from C$48.00 to C$53.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the company. TD Securities upped their price objective on Finning International from C$47.00 to C$50.00 in a research note on Monday, February 24th. Canaccord Genuity Group upped their price objective on Finning International from C$51.00 to C$55.00 in a research note on Friday, February 7th. CIBC cut their price objective on Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. BMO Capital Markets upped their price objective on Finning International from C$45.00 to C$50.00 in a research note on Friday, February 7th. Finally, Raymond James increased their price target on Finning International from C$50.00 to C$56.50 and gave the stock an “outperform” rating in a research report on Thursday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$54.94.

Finning International Trading Up 0.8%

Shares of FTT opened at C$49.72 on Thursday. The company has a market capitalization of C$6.83 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.56 and a beta of 1.55. Finning International has a one year low of C$34.59 and a one year high of C$52.19. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The stock has a 50-day moving average price of C$41.00 and a 200 day moving average price of C$39.95.

Insider Buying and Selling

In other Finning International news, Senior Officer Kevin Parkes sold 600 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of C$51.42, for a total transaction of C$30,852.00. Also, Senior Officer Kieran Colquhoun Holm sold 1,413 shares of the 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. Insiders sold 7,159 shares of company stock valued at $363,310 in the last three months. 0.10% of the stock is currently owned by corporate 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.