Finning International (TSE:FTT) Hits New 52-Week High – Should You Buy?

Shares of Finning International Inc. (TSE:FTT) hit a new 52-week high during trading on Monday . The stock traded as high as C$56.32 and last traded at C$56.23, with a volume of 70649 shares trading hands. The stock had previously closed at C$55.22.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. TD Securities lifted their target price on shares of Finning International from C$50.00 to C$57.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. National Bankshares boosted their price objective on shares of Finning International from C$48.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Raymond James Financial upped their price objective on Finning International from C$50.00 to C$56.50 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lifted their target price on Finning International from C$55.00 to C$60.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets upped their price target on Finning International from C$48.00 to C$52.00 in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$54.94.

Finning International Stock Performance

The business’s 50 day simple moving average is C$46.55 and its two-hundred day simple moving average is C$41.94. The firm has a market capitalization of C$7.73 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14.

Insider Activity at Finning International

In other Finning International news, Senior Officer Kevin Parkes sold 600 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of C$51.42, for a total value of C$30,852.00. Also, Senior Officer Gregory Palaschuk sold 4,070 shares of Finning International stock in a transaction dated Monday, June 16th. The shares were sold at an average price of C$54.80, for a total value of C$223,036.00. Over the last 90 days, insiders sold 17,628 shares of company stock worth $926,016. 0.10% of the stock is owned by insiders.

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.