Finning International Inc. (TSE:FTT) Senior Officer Gregory Palaschuk purchased 2,240 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of C$22.81 per share, with a total value of C$51,094.62. Following the transaction, the insider now directly owns 15,065 shares of the company’s stock, valued at approximately C$343,634.16.
Finning International stock traded up C$0.06 during mid-day trading on Thursday, reaching C$23.10. The company’s stock had a trading volume of 72,172 shares, compared to its average volume of 498,258. The company has a market cap of $3.75 billion and a PE ratio of 20.28. The company has a debt-to-equity ratio of 109.98, a current ratio of 1.63 and a quick ratio of 0.59. Finning International Inc. has a twelve month low of C$21.80 and a twelve month high of C$35.00.
Finning International (TSE:FTT) last released its quarterly earnings data on Thursday, February 21st. The company reported C$0.33 EPS for the quarter, missing analysts’ consensus estimates of C$0.49 by C($0.16). The business had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$1.94 billion. Equities research analysts anticipate that Finning International Inc. will post 2.0899997716807 earnings per share for the current year.
FTT has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price target on shares of Finning International from C$40.00 to C$35.00 in a research report on Thursday, February 7th. Raymond James reissued a “market perform” rating and set a C$26.00 price target on shares of Finning International in a research report on Friday, February 22nd. National Bank Financial decreased their price target on shares of Finning International from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research report on Friday, February 22nd. Canaccord Genuity decreased their price target on shares of Finning International from C$33.00 to C$29.00 in a research report on Friday, February 22nd. Finally, TD Securities downgraded shares of Finning International from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$31.00 to C$28.00 in a research report on Friday, February 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Finning International presently has a consensus rating of “Buy” and an average target price of C$31.00.
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About Finning International
Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, agriculture, governmental, paving, and forestry, as well as various power system applications.
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