Finning International (TSE:FTT) Reaches New 1-Year Low – What’s Next?

Finning International Inc. (TSE:FTT) reached a new 52-week low on Monday . The stock traded as low as C$34.59 and last traded at C$35.34, with a volume of 41109 shares changing hands. The stock had previously closed at C$36.25.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FTT. National Bankshares dropped their target price on shares of Finning International from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Wednesday. BMO Capital Markets upped their price target on Finning International from C$45.00 to C$50.00 in a research note on Friday, February 7th. CIBC decreased their price target on Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. TD Securities lifted their price objective on shares of Finning International from C$47.00 to C$50.00 in a report on Monday, February 24th. Finally, Canaccord Genuity Group upped their price target on Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$50.00.

Finning International Price Performance

The stock’s 50-day moving average is C$40.85 and its 200 day moving average is C$40.07. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The stock has a market capitalization of C$5.30 billion, a PE ratio of 10.80, a P/E/G ratio of 0.56 and a beta of 1.55.

Insiders Place Their Bets

In other Finning International news, Senior Officer Cheryl Lynn Gray sold 2,500 shares of the 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. Also, Senior Officer Juan Pablo Amar sold 1,899 shares of Finning International stock in a transaction on Monday, February 10th. The shares were sold at an average price of C$43.18, for a total transaction of C$82,004.33. Over the last 90 days, insiders have sold 7,969 shares of company stock valued at $344,424. 0.10% of the stock is currently owned by 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.