Finning International (TSE:FTT) Hits New 1-Year Low - Should You Sell?

Finning International Inc. (TSE:FTT - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as C$34.59 and last traded at C$35.34, with a volume of 41109 shares traded. The stock had previously closed at C$36.25.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FTT. National Bankshares lowered their target price on shares of Finning International from C$49.00 to C$48.00 and set an "outperform" rating on the stock in a report on Wednesday. Canaccord Genuity Group lifted their price objective on Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. CIBC cut their target price on Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. BMO Capital Markets lifted their price target on Finning International from C$45.00 to C$50.00 in a research note on Friday, February 7th. Finally, TD Securities increased their price objective on Finning International from C$47.00 to C$50.00 in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$50.00.

Finning International Stock Up 2.2 %

The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The stock has a market capitalization of C$5.20 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.56 and a beta of 1.55. The firm's fifty day moving average is C$40.94 and its 200-day moving average is C$40.03.

Insider Activity at Finning International

In other news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the firm's stock in a transaction 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 Juan Pablo Amar sold 1,899 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of C$43.18, for a total transaction of C$82,004.33. Insiders sold a total of 7,969 shares of company stock valued at $344,424 in the last quarter. Insiders own 0.10% of the company's stock.

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.