National Bankshares Has Lowered Expectations for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT - Free Report) had its price target reduced by National Bankshares from C$49.00 to C$48.00 in a report issued on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

FTT has been the topic of a number of other research reports. CIBC cut their price objective on shares of Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. TD Securities upped their price target on shares of Finning International from C$47.00 to C$50.00 in a report on Monday, February 24th. BMO Capital Markets increased their price objective on shares of Finning International from C$45.00 to C$50.00 in a research report on Friday, February 7th. Finally, Canaccord Genuity Group boosted their target price on Finning International from C$51.00 to C$55.00 in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Finning International currently has a consensus rating of "Buy" and an average target price of C$50.00.

Finning International Trading Up 1.6 %

Shares of TSE:FTT traded up C$0.60 during trading on Wednesday, hitting C$38.48. The company had a trading volume of 331,054 shares, compared to its average volume of 496,686. The stock has a market cap of C$5.29 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. 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 company has a fifty day simple moving average of C$40.94 and a two-hundred day simple moving average of C$40.03. Finning International has a one year low of C$34.59 and a one year high of C$45.17.

Insider Buying and Selling

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