Finning International (TSE:FTT) Stock Price Expected to Rise, TD Securities Analyst Says

Finning International (TSE:FTT) had its price target hoisted by research analysts at TD Securities from C$47.00 to C$50.00 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 15.71% from the stock’s current price.

FTT has been the topic of several other reports. CIBC decreased their price objective on shares of Finning International from C$50.00 to C$49.00 in a report on Monday, February 3rd. Raymond James decreased their price target on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Royal Bank of Canada cut their price objective on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. BMO Capital Markets increased their target price on Finning International from C$45.00 to C$50.00 in a research note on Friday, February 7th. Finally, Canaccord Genuity Group reduced their price target on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$49.89.

Finning International Stock Performance

Shares of FTT traded up C$0.65 during mid-day trading on Monday, reaching C$43.21. The company’s stock had a trading volume of 227,179 shares, compared to its average volume of 481,651. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. The stock has a market cap of C$5.94 billion, a P/E ratio of 12.09, a PEG ratio of 0.56 and a beta of 1.55. Finning International has a 1-year low of C$34.38 and a 1-year high of C$45.17. The business has a 50-day simple moving average of C$39.10 and a two-hundred day simple moving average of C$39.72.

Insiders Place Their Bets

In other Finning International news, Senior Officer Juan Pablo Amar sold 1,899 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of C$43.18, for a total transaction of C$82,004.33. Also, Senior Officer Cheryl Lynn Gray sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of C$44.35, for a total transaction of C$110,884.50. Insiders have sold a total of 7,784 shares of company stock worth $336,391 in the last 90 days. Company insiders own 0.10% of the company’s stock.

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.