Cheryl Lynn Gray Sells 2,500 Shares of Finning International Inc. (TSE:FTT) Stock

Finning International Inc. (TSE:FTT) Senior Officer Cheryl Lynn Gray sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$44.35, for a total value of C$110,884.50.

Finning International Stock Up 1.0 %

Shares of TSE:FTT traded up C$0.44 during mid-day trading on Tuesday, hitting C$44.49. 502,854 shares of the company traded hands, compared to its average volume of 480,077. The firm has a market cap of C$6.11 billion, a P/E ratio of 12.44, a PEG ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. Finning International Inc. has a 52-week low of C$34.28 and a 52-week high of C$45.17. The firm’s 50 day simple moving average is C$38.67 and its 200 day simple moving average is C$39.59.

Wall Street Analyst Weigh In

FTT has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. CIBC cut their price objective on Finning International from C$50.00 to C$49.00 in a report on Monday, February 3rd. Canaccord Genuity Group raised their price objective on Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. Canaccord Genuity Group dropped their target price on Finning International from C$53.00 to C$51.00 in a report on Thursday, November 14th. Finally, BMO Capital Markets raised their target price on Finning International from C$45.00 to C$50.00 in a report on Friday, February 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$49.33.

Finning International Company Profile

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.