Insider Selling: Finning International Inc. (TSE:FTT) Senior Officer Sells 1,899 Shares of Stock

Finning International Inc. (TSE:FTT) Senior Officer Juan Pablo Amar sold 1,899 shares of the business’s stock in a transaction dated 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 Price Performance

Shares of TSE:FTT opened at C$43.50 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. Finning International Inc. has a twelve month low of C$34.28 and a twelve month high of C$45.17. The company’s 50 day moving average is C$38.30 and its 200 day moving average is C$39.48. The company has a market cap of C$6.07 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

FTT has been the subject of a number of analyst reports. Canaccord Genuity Group increased their target price on shares of Finning International from C$51.00 to C$55.00 in a research report on Friday, February 7th. Canaccord Genuity Group reduced their target price on Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Royal Bank of Canada lowered their price target on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Raymond James cut their price objective on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Finally, CIBC decreased their price objective on shares of Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. Five equities 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$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.