Finning International Inc. (TSE:FTT) Senior Officer Sells C$167,655.18 in Stock

Finning International Inc. (TSE:FTT) Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of C$50.82, for a total transaction of C$167,655.18.

Sebastian Tomas Guridi also recently made the following trade(s):

• On Tuesday, May 20th, Sebastian Tomas Guridi sold 54 shares of Finning International stock. The stock was sold at an average price of C$50.93, for a total transaction of C$2,749.95.

Finning International Stock Performance

FTT stock traded up C$0.25 during trading on Monday, reaching C$52.98. The company had a trading volume of 102,588 shares, compared to its average volume of 471,302. The company has a market cap of C$7.28 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. Finning International Inc. has a twelve month low of C$34.59 and a twelve month high of C$53.16. 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 firm has a 50-day simple moving average of C$43.23 and a 200-day simple moving average of C$40.79.

Wall Street Analysts Forecast Growth

FTT has been the topic of several recent research reports. BMO Capital Markets increased their target price on Finning International from C$48.00 to C$52.00 in a research report on Thursday, May 22nd. National Bank Financial lowered Finning International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 21st. TD Securities increased their price target on shares of Finning International from C$50.00 to C$57.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Scotiabank raised their price target on shares of Finning International from C$48.00 to C$55.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group boosted their price objective on shares of Finning International from C$55.00 to C$60.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$54.94.

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.