Finning International Inc. (TSE:FTT) Given Average Recommendation of “Buy” by Brokerages

Finning International Inc. (TSE:FTT) has been given an average recommendation of “Buy” by the eight analysts that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$114.22.

A number of equities research analysts recently commented on the company. TD lifted their price objective on Finning International from C$106.00 to C$115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. 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. BMO Capital Markets increased their price target on Finning International from C$96.00 to C$115.00 in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce increased their price target on Finning International from C$100.00 to C$120.00 in a report on Thursday, May 14th. Finally, Raymond James Financial increased their price target on Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th.

Insider Activity

In other Finning International news, 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 completion of the sale, 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 ownership of the stock. Also, insider Gary Samuel Megarrell sold 300 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 2,511 shares of the company’s stock, valued at C$258,633. This trade represents a 10.67% decrease in their ownership of the stock. Insiders sold 7,813 shares of company stock valued at $827,102 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Finning International Price Performance

Shares of Finning International stock opened at C$102.38 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.61 and a debt-to-equity ratio of 88.08. Finning International has a 12 month low of C$51.42 and a 12 month high of C$109.08. The business has a fifty day simple moving average of C$96.50 and a 200 day simple moving average of C$87.35. The stock has a market cap of C$13.37 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 0.56 and a beta of 0.88.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 EPS 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 during the quarter. Research analysts predict that Finning International will post 4.244898 EPS for the current year.

Finning International News Roundup

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

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.