Finning International (TSE:FTT – Get Rating) had its target price hoisted by equities researchers at Scotiabank from C$38.00 to C$39.00 in a report issued on Thursday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 39.19% from the company’s current price.
Other analysts also recently issued reports about the stock. CIBC dropped their price objective on shares of Finning International from C$50.00 to C$35.00 in a report on Wednesday, July 13th. National Bankshares upped their price objective on shares of Finning International from C$41.00 to C$46.00 in a report on Wednesday, July 13th. BMO Capital Markets dropped their price objective on shares of Finning International from C$38.00 to C$32.00 in a report on Monday, June 27th. Finally, Raymond James set a C$46.00 price objective on shares of Finning International and gave the company an “outperform” rating in a report on Tuesday, May 10th.
Finning International Stock Down 1.8 %
TSE:FTT opened at C$28.02 on Thursday. The company has a market cap of C$4.31 billion and a PE ratio of 11.68. Finning International has a twelve month low of C$23.89 and a twelve month high of C$40.22. The company has a current ratio of 1.52, a quick ratio of 0.58 and a debt-to-equity ratio of 91.20. The company’s 50 day moving average is C$28.61 and its two-hundred day moving average is C$33.71.
Insider Activity at Finning International
In related news, Senior Officer David William Cummings sold 2,702 shares of the business’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of C$33.37, for a total value of C$90,165.74. Following the completion of the transaction, the insider now directly owns 97,607 shares in the company, valued at approximately C$3,257,145.59. In other Finning International news, Senior Officer David William Cummings sold 2,702 shares of the stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of C$33.37, for a total transaction of C$90,165.74. Following the transaction, the insider now directly owns 97,607 shares of the company’s stock, valued at C$3,257,145.59. Also, Director Harold N. Kvisle acquired 5,000 shares of the firm’s stock in a transaction on Thursday, June 23rd. The shares were bought at an average cost of C$26.92 per share, for a total transaction of C$134,600.00. Following the completion of the acquisition, the director now owns 45,000 shares of the company’s stock, valued at C$1,211,400. Insiders bought a total of 8,800 shares of company stock worth $254,134 in the last three months.
About Finning International
Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.
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