Finning International (TSE:FTT) Trading 9.5% Higher - Still a Buy?

Finning International Inc. (TSE:FTT - Get Free Report)'s stock price rose 9.5% on Wednesday . The company traded as high as C$40.17 and last traded at C$40.02. Approximately 177,112 shares were traded during trading, a decline of 56% from the average daily volume of 402,838 shares. The stock had previously closed at C$36.54.

Analysts Set New Price Targets

FTT has been the subject of a number of recent research reports. CIBC lowered their price objective on shares of Finning International from C$50.00 to C$49.00 in a research report on Monday. Royal Bank of Canada lowered their price objective on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Canaccord Genuity Group lowered their price objective on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Raymond James lowered their price objective on shares of Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. Finally, BMO Capital Markets lowered their price objective on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Finning International presently has an average rating of "Buy" and a consensus price target of C$48.13.

Finning International Trading Up 3.4 %

The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. The stock has a market cap of C$5.93 billion, a P/E ratio of 12.12, a PEG ratio of 0.56 and a beta of 1.55. The firm's 50-day simple moving average is C$37.97 and its 200 day simple moving average is C$39.43.

Finning International (TSE:FTT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.93 earnings per share for the quarter, missing analysts' consensus estimates of C$1.03 by C($0.10). Finning International had a return on equity of 20.14% and a net margin of 4.65%. During the same quarter last year, the business earned $1.07 earnings per share. As a group, equities research analysts anticipate that Finning International Inc. will post 4.244898 earnings per share for the current year.

Insider Transactions at Finning International

In related news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the 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. Company 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.