Analysts Set Finning International Inc. (TSE:FTT) Price Target at C$59.44

Shares of Finning International Inc. (TSE:FTT) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$59.44.

A number of brokerages have recently issued reports on FTT. TD Securities upped their target price 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. National Bankshares lifted their target price on Finning International from C$48.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Raymond James Financial lifted their target price on Finning International from C$56.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Royal Bank Of Canada lifted their target price on Finning International from C$61.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Scotiabank decreased their target price on Finning International from C$65.00 to C$64.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th.

Insider Activity at Finning International

In other news, Senior Officer Gregory Palaschuk sold 4,070 shares of Finning International stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$54.80, for a total value of C$223,036.00. In the last ninety days, insiders sold 7,355 shares of company stock valued at $403,085. 0.10% of the stock is currently owned by company insiders.

Finning International Stock Performance

Shares of Finning International stock opened at C$57.25 on Friday. The firm has a market cap of C$7.59 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.56 and a beta of 1.23. The firm’s 50-day simple moving average is C$58.99 and its 200-day simple moving average is C$49.30. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. Finning International has a 1 year low of C$34.59 and a 1 year high of C$62.78.

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.