Finning International (TSE:FTT) had its price objective cut by Canaccord Genuity from C$28.00 to C$24.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. Raymond James reiterated a market perform rating and issued a C$24.00 price objective on shares of Finning International in a report on Thursday. CIBC cut their price objective on Finning International from C$29.00 to C$27.00 in a report on Thursday. National Bank Financial cut their price objective on Finning International from C$29.00 to C$28.00 and set an outperform rating for the company in a report on Thursday. Finally, Royal Bank of Canada cut their price objective on Finning International from C$32.00 to C$30.00 and set an outperform rating for the company in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Finning International has a consensus rating of Buy and an average price target of C$26.13.

Finning International stock traded down C$0.05 during midday trading on Thursday, hitting C$21.37. 510,250 shares of the company’s stock were exchanged, compared to its average volume of 256,685. The stock has a 50-day moving average price of C$24.32 and a two-hundred day moving average price of C$23.48. Finning International has a 52-week low of C$21.17 and a 52-week high of C$26.49. The company has a debt-to-equity ratio of 108.85, a quick ratio of 0.64 and a current ratio of 1.70. The company has a market cap of $3.47 billion and a P/E ratio of 14.24.

In related news, Senior Officer David Francis Neil Primrose bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of C$21.40 per share, for a total transaction of C$42,800.00. Following the acquisition, the insider now directly owns 29,841 shares of the company’s stock, valued at approximately C$638,597.40. Also, Senior Officer Marchello Marchese sold 2,266 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$25.31, for a total value of C$57,363.56. Following the sale, the insider now owns 36,575 shares of the company’s stock, valued at C$925,892.47. Insiders sold a total of 5,841 shares of company stock valued at $145,284 over the last quarter.

Finning International Company Profile

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.

Recommended Story: Why do analysts give a neutral rating?

Analyst Recommendations for Finning International (TSE:FTT)

Receive News & Ratings for Finning International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International and related companies with MarketBeat.com's FREE daily email newsletter.