Finning International Inc. (TSE:FTT) Senior Officer Sells C$223,036.00 in Stock

Finning International Inc. (TSE:FTT) Senior Officer Gregory Palaschuk sold 4,070 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$54.80, for a total value of C$223,036.00.

Gregory Palaschuk also recently made the following trade(s):

• On Monday, June 16th, Gregory Palaschuk sold 3,172 shares of Finning International stock. The shares were sold at an average price of C$54.80, for a total value of C$173,825.60.
• On Thursday, May 15th, Gregory Palaschuk sold 200 shares of Finning International stock. The stock was sold at an average price of C$51.33, for a total value of C$10,266.00.

Finning International Stock Performance

Shares of Finning International stock opened at C$54.65 on Thursday. The firm has a market cap of C$7.51 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. Finning International Inc. has a 12 month low of C$34.59 and a 12 month high of C$56.13. The stock’s fifty day moving average price is C$45.85 and its 200-day moving average price is C$41.69.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FTT shares. BMO Capital Markets raised their price target on Finning International from C$48.00 to C$52.00 in a research report on Thursday, May 22nd. Canaccord Genuity Group raised their price target on Finning International from C$55.00 to C$60.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Scotiabank lifted their target price on Finning International from C$48.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Royal Bank Of Canada lifted their target price on Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. Finally, Raymond James Financial lifted their target price on Finning International from C$50.00 to C$56.50 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Finning International currently has an average rating of “Moderate Buy” and an average price target of C$54.94.

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.