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

Finning International (TSE:FTT - Get Free Report) had its price target raised by TD Securities from C$47.00 to C$50.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. TD Securities' price target would suggest a potential upside of 16.82% from the stock's previous close.

Several other research firms also recently weighed in on FTT. Canaccord Genuity Group decreased their price target on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Raymond James lowered their target price on Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Canaccord Genuity Group increased their price target on Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. Royal Bank of Canada lowered their price objective on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Finally, BMO Capital Markets upped their target price on Finning International from C$45.00 to C$50.00 in a report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$49.89.

Finning International Price Performance

Shares of FTT stock traded down C$0.14 during trading hours on Monday, hitting C$42.80. 96,374 shares of the company's stock were exchanged, compared to its average volume of 472,865. The firm has a 50 day moving average of C$39.45 and a two-hundred day moving average of C$39.80. Finning International has a fifty-two week low of C$34.43 and a fifty-two week high of C$45.17. The firm has a market cap of C$5.88 billion, a P/E ratio of 11.97, a P/E/G 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.

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Insider Buying and Selling

In other Finning International news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was 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 Finning International stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of C$44.35, for a total transaction of C$110,884.50. Insiders sold 7,969 shares of company stock valued at $344,424 in the last three months. 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.