Finning International (TSE:FTT) Hits New 1-Year High – Time to Buy?

Shares of Finning International Inc. (TSE:FTT) hit a new 52-week high during trading on Tuesday . The company traded as high as C$107.53 and last traded at C$105.90, with a volume of 347844 shares changing hands. The stock had previously closed at C$104.13.

Analyst Ratings Changes

A number of analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Finning International from C$96.00 to C$115.00 in a report on Thursday, May 14th. TD upped their target price on shares of Finning International from C$106.00 to C$115.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. National Bank Financial raised shares of Finning International from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$89.00 to C$115.00 in a report on Thursday, May 14th. Canaccord Genuity Group upped their target price on shares of Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, TD Securities increased their price objective on shares of Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Finning International presently has an average rating of “Buy” and a consensus price target of C$114.22.

Finning International Trading Up 1.7%

The stock’s 50 day moving average price is C$94.87 and its 200-day moving average price is C$86.47. The company has a quick ratio of 0.59, a current ratio of 1.61 and a debt-to-equity ratio of 88.08. The stock has a market capitalization of C$13.83 billion, a PE ratio of 20.81, a PEG ratio of 0.56 and a beta of 0.70.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 earnings per share (EPS) for the quarter. Finning International had a net margin of 6.34% and a return on equity of 24.23%. The firm had revenue of C$2.50 billion during the quarter. On average, sell-side analysts expect that Finning International Inc. will post 4.244898 earnings per share for the current fiscal year.

Insider Transactions at Finning International

In other Finning International news, insider Gary Samuel Megarrell sold 300 shares of Finning International stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$103.00, for a total value of C$30,900.00. Following the sale, the insider directly owned 2,511 shares in the company, valued at approximately C$258,633. The trade was a 10.67% decrease in their position. In the last 90 days, insiders have sold 694 shares of company stock valued at $71,496. Insiders own 0.10% of the company’s stock.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.