Finning International (TSE:FTT) Given a C$115.00 Price Target by National Bank Financial Analysts

Finning International (TSE:FTT) received a C$115.00 target price from investment analysts at National Bank Financial in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 17.14% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Scotiabank increased their price target on Finning International from C$105.00 to C$109.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. TD boosted their price objective on shares of Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. BMO Capital Markets upped their target price on shares of Finning International from C$96.00 to C$115.00 in a research report on Thursday, May 14th. Raymond James Financial increased their target price on shares of Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada lifted their price target on shares of Finning International from C$104.00 to C$130.00 in a research report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$114.78.

Finning International Trading Down 4.3%

Shares of TSE FTT traded down C$4.40 during midday trading on Tuesday, reaching C$98.17. 319,552 shares of the stock were exchanged, compared to its average volume of 435,677. The stock has a market capitalization of C$12.82 billion, a P/E ratio of 19.29, a PEG ratio of 0.56 and a beta of 0.88. The company has a debt-to-equity ratio of 88.08, a quick ratio of 0.59 and a current ratio of 1.61. The company has a 50 day simple moving average of C$99.32 and a 200 day simple moving average of C$89.33. Finning International has a twelve month low of C$54.00 and a twelve month high of C$109.08.

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

Insider Buying and Selling at Finning International

In related news, insider Gary Samuel Megarrell sold 300 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$103.00, for a total value of C$30,900.00. Following the sale, the insider owned 2,511 shares in the company, valued at approximately C$258,633. The trade was a 10.67% decrease in their position. Also, insider Tim Arne Ferwerda sold 1,478 shares of the stock in a transaction dated Monday, June 1st. The stock was 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 approximately C$1,699,617.92. The trade was a 8.45% decrease in their position. Over the last 90 days, insiders have sold 7,813 shares of company stock valued at $827,102. Company insiders own 0.10% of the company’s stock.

Finning International Company Profile

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.