Finning International (TSE:FTT) Price Target Cut to C$48.00 by Analysts at National Bankshares

Finning International (TSE:FTT) had its price objective trimmed by National Bankshares from C$49.00 to C$48.00 in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on FTT. TD Securities increased their price target on shares of Finning International from C$47.00 to C$50.00 in a research note on Monday, February 24th. CIBC lowered their price objective on shares of Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. BMO Capital Markets upped 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 lifted their price target on shares of Finning International from C$51.00 to C$55.00 in a research note on Friday, February 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$50.00.

Finning International Price Performance

Shares of TSE FTT traded down C$1.44 on Wednesday, hitting C$37.16. The company’s stock had a trading volume of 127,074 shares, compared to its average volume of 498,311. 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 50 day moving average of C$40.89 and a 200-day moving average of C$40.07. The company has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. Finning International has a 12-month low of C$34.59 and a 12-month high of C$45.17.

Insiders Place Their Bets

In related 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 Cheryl Lynn Gray sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$44.35, for a total transaction of C$110,884.50. Insiders have sold 7,969 shares of company stock valued at $344,424 over the last three months. 0.10% of the stock is currently owned by insiders.

Finning International Company Profile

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.