Finning International (TSE:FTT) Price Target Raised to C$50.00

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

FTT has been the subject of several other research reports. CIBC lowered their price objective on shares of Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. Raymond James reduced their target price on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Canaccord Genuity Group reduced their target price on shares of Finning International from C$53.00 to C$51.00 in a report on Thursday, November 14th. Canaccord Genuity Group raised their target price on shares of Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. Finally, BMO Capital Markets raised their target price on shares of Finning International from C$45.00 to C$50.00 in a report on Friday, February 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Finning International has a consensus rating of “Buy” and an average target price of C$49.89.

Finning International Trading Down 1.4 %

Shares of FTT stock opened at C$42.94 on Monday. The company has a 50-day moving average of C$39.45 and a two-hundred day moving average of C$39.80. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. Finning International has a 1-year low of C$34.43 and a 1-year high of C$45.17. 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.

Insiders Place Their Bets

In other Finning International news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the firm’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 transaction of C$126,300.00. Also, Senior Officer Cheryl Lynn Gray sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of C$44.35, for a total transaction of C$110,884.50. Over the last quarter, insiders have sold 7,784 shares of company stock valued at $336,391. 0.10% of the stock is 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.