Insider Selling: Finning International Inc. (TSE:FTT) Senior Officer Sells C$167,655.18 in Stock

Finning International Inc. (TSE:FTT) Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of C$50.82, for a total transaction of C$167,655.18.

Sebastian Tomas Guridi also recently made the following trade(s):

• On Tuesday, May 20th, Sebastian Tomas Guridi sold 54 shares of Finning International stock. The stock was sold at an average price of C$50.93, for a total transaction of C$2,749.95.

Finning International Stock Up 3.8%

FTT stock opened at C$54.60 on Thursday. The company has a fifty day moving average price of C$44.09 and a 200 day moving average price of C$41.10. Finning International Inc. has a 12 month low of C$34.59 and a 12 month high of C$54.75. The company has a market cap of C$7.50 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Finning International from C$48.00 to C$52.00 in a research report on Thursday, May 22nd. Canaccord Genuity Group boosted their price objective on shares of Finning International from C$55.00 to C$60.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Scotiabank boosted their price objective on shares of Finning International from C$48.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. TD Securities boosted their price objective on shares of Finning International from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of Finning International from C$49.00 to C$61.00 in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$54.94.

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.