Finning International (TSE:FTT) Hits New 52-Week High – Should You Buy?

Finning International Inc. (TSE:FTT) shares hit a new 52-week high during trading on Monday . The company traded as high as C$56.32 and last traded at C$56.23, with a volume of 70649 shares changing hands. The stock had previously closed at C$55.22.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James Financial boosted their price objective 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. National Bankshares boosted their price target on shares of Finning International from C$48.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. National Bank Financial lowered shares of Finning International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Royal Bank Of Canada lifted their price objective on shares of Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. Finally, Scotiabank increased their target price on shares of Finning International from C$48.00 to C$55.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Finning International has an average rating of “Moderate Buy” and a consensus target price of C$54.94.

Finning International Stock Up 1.9%

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 price of C$46.55 and a 200-day moving average price of C$41.94. The stock has a market capitalization of C$7.73 billion, a P/E ratio of 15.74, a PEG ratio of 0.56 and a beta of 1.55.

Insider Buying and Selling

In other news, Senior Officer Kieran Colquhoun Holm sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$51.00, for a total value of C$204,000.00. Also, Senior Officer Gregory Palaschuk sold 3,172 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of C$54.80, for a total transaction of C$173,825.60. Insiders have sold a total of 17,628 shares of company stock worth $926,016 in the last ninety days. 0.10% of the stock is 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.