Finning International (TSE:FTT) PT Raised to C$47.00

Finning International (TSE:FTT) had its price objective lifted by National Bankshares from C$46.00 to C$47.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 10.02% from the company’s previous close.

Several other equities analysts have also commented on FTT. TD Securities increased their price target on shares of Finning International from C$41.00 to C$43.00 and gave the company a “hold” rating in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of Finning International from C$47.00 to C$48.00 in a research note on Wednesday. CIBC decreased their price objective on shares of Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Scotiabank lifted their target price on Finning International from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Finning International currently has an average rating of “Moderate Buy” and a consensus target price of C$49.13.

Finning International Stock Up 1.2 %

Shares of Finning International stock traded up C$0.49 during trading on Wednesday, hitting C$42.72. 173,931 shares of the stock were exchanged, compared to its average volume of 363,816. The stock has a market cap of C$6.15 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. The firm’s 50-day moving average price is C$39.63 and its 200 day moving average price is C$38.01. The company has a debt-to-equity ratio of 106.56, a current ratio of 1.41 and a quick ratio of 0.59. Finning International has a 12-month low of C$33.77 and a 12-month high of C$46.30.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 EPS for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.02. Finning International had a return on equity of 20.88% and a net margin of 4.97%. The business had revenue of C$2.40 billion for the quarter, compared to the consensus estimate of C$2.54 billion. As a group, analysts forecast that Finning International will post 3.9857007 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Kevin Parkes purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of C$36.14 per share, with a total value of C$108,420.00. In other news, Senior Officer Kevin Parkes acquired 3,000 shares of Finning International stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of C$36.14 per share, for a total transaction of C$108,420.00. Also, Senior Officer David Francis Neil Primrose sold 10,000 shares of Finning International stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total value of C$360,000.00. Corporate insiders own 0.12% 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.