National Bankshares Issues Pessimistic Forecast for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its target price cut by equities research analysts at National Bankshares from C$49.00 to C$48.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 27.02% from the stock’s current price.

Other analysts have also recently issued research reports about the company. BMO Capital Markets raised their price target on Finning International from C$45.00 to C$50.00 in a report on Friday, February 7th. Canaccord Genuity Group raised their target price on shares of Finning International from C$51.00 to C$55.00 in a research note on Friday, February 7th. TD Securities lifted their price objective on shares of Finning International from C$47.00 to C$50.00 in a report on Monday, February 24th. Finally, CIBC decreased their price objective on Finning International from C$50.00 to C$49.00 in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$50.00.

Finning International Price Performance

Shares of FTT traded up C$1.39 during mid-day trading on Wednesday, reaching C$37.79. 194,314 shares of the stock traded hands, compared to its average volume of 489,867. The company has a market cap of C$5.19 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. Finning International has a 1 year low of C$34.59 and a 1 year high of C$45.17. The firm has a fifty day moving average price of C$40.85 and a 200 day moving average price of C$40.07. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14.

Insider Transactions at Finning International

In other news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of C$42.10, for a total value of C$126,300.00. Also, Senior Officer Cheryl Lynn Gray sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of C$44.35, for a total value of C$110,884.50. Over the last ninety days, insiders sold 7,969 shares of company stock worth $344,424. 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.