Finning International Inc. (TSE:FTT) Senior Officer Sells C$82,004.33 in Stock

Finning International Inc. (TSE:FTT) Senior Officer Juan Pablo Amar sold 1,899 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of C$43.18, for a total transaction of C$82,004.33.

Finning International Trading Down 0.9 %

Shares of TSE:FTT traded down C$0.41 during trading on Tuesday, reaching C$43.46. The stock had a trading volume of 217,563 shares, compared to its average volume of 477,573. Finning International Inc. has a 52 week low of C$34.28 and a 52 week high of C$45.17. The firm’s fifty day moving average is C$38.18 and its 200 day moving average is C$39.47. The stock has a market cap of C$6.06 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55.

Finning International (TSE:FTT) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.93 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.10). Finning International had a return on equity of 20.14% and a net margin of 4.65%. During the same period last year, the company earned $1.07 EPS. As a group, equities analysts forecast that Finning International Inc. will post 4.244898 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada lowered their target price on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Canaccord Genuity Group dropped their price objective on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Raymond James decreased their target price on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. CIBC dropped their price target on Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. Finally, BMO Capital Markets upped their target price on Finning International from C$45.00 to C$50.00 in a report on Friday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$49.33.

About Finning International

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.