Analysts Set Finning International Inc. (TSE:FTT) Target Price at C$114.22

Finning International Inc. (TSE:FTT) has earned a consensus recommendation of “Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$114.22.

Several research firms have weighed in on FTT. Royal Bank Of Canada boosted their price objective on Finning International from C$104.00 to C$130.00 in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce boosted their price objective on Finning International from C$100.00 to C$120.00 in a research report on Thursday, May 14th. TD boosted their price objective on Finning International from C$106.00 to C$115.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. BMO Capital Markets boosted their price objective on Finning International from C$96.00 to C$115.00 in a research report on Thursday, May 14th. Finally, Raymond James Financial boosted their price objective on Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th.

Insider Buying and Selling at Finning International

In other news, insider Gary Samuel Megarrell sold 300 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$103.00, for a total transaction of C$30,900.00. Following the transaction, the insider owned 2,511 shares of the company’s stock, valued at C$258,633. This represents a 10.67% decrease in their position. Also, insider Tim Arne Ferwerda sold 1,478 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of C$106.12, for a total value of C$156,845.36. Following the transaction, the insider directly owned 16,016 shares in the company, valued at C$1,699,617.92. This represents a 8.45% decrease in their position. In the last three months, insiders sold 7,813 shares of company stock worth $827,102. Insiders own 0.10% of the company’s stock.

Key Headlines Impacting Finning International

Here are the key news stories impacting Finning International this week:

• Positive Sentiment: No clearly positive company-specific news was included in the latest disclosures.
• Neutral Sentiment: Insider selling by Tim Arne Ferwerda and Juan Pablo Amar appears modest in dollar terms and does not, by itself, signal a fundamental change in Finning International’s business outlook.
• Negative Sentiment: Repeated share sales by insider Tim Arne Ferwerda, along with additional sales by Juan Pablo Amar, may be interpreted as cautious insider sentiment and could help explain why Finning International’s stock is moving lower. Finning International insider transactions

Finning International Stock Down 5.3%

FTT stock opened at C$102.38 on Monday. The stock’s fifty day simple moving average is C$96.50 and its two-hundred day simple moving average is C$87.25. The company has a current ratio of 1.61, a quick ratio of 0.59 and a debt-to-equity ratio of 88.08. Finning International has a 1-year low of C$51.42 and a 1-year high of C$109.08. The stock has a market cap of C$13.37 billion, a P/E ratio of 20.11, a P/E/G ratio of 0.56 and a beta of 0.88.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 earnings per share for the quarter. Finning International had a return on equity of 24.23% and a net margin of 6.34%.The business had revenue of C$2.50 billion for the quarter. Analysts expect that Finning International will post 4.244898 EPS for the current year.

About Finning International

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.