Finning International Inc. (TSE:FTT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$88.74 and traded as high as C$103.00. Finning International shares last traded at C$97.67, with a volume of 617,510 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. Raymond James Financial lifted their price target on shares of Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. BMO Capital Markets upped their price objective on shares of Finning International from C$96.00 to C$115.00 in a research report on Thursday, May 14th. National Bank Financial raised Finning International from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$89.00 to C$115.00 in a research note on Thursday, May 14th. Royal Bank Of Canada lifted their target price on Finning International from C$104.00 to C$130.00 in a report on Friday, May 15th. Finally, TD increased their price target on Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$114.78.
Get Our Latest Stock Report on Finning International
Finning International Stock Performance
Finning International (TSE:FTT – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 earnings per share (EPS) for the quarter. Finning International had a net margin of 6.34% and a return on equity of 24.23%. The company had revenue of C$2.50 billion during the quarter. As a group, research analysts forecast that Finning International Inc. will post 4.244898 EPS for the current year.
Insiders Place Their Bets
In other Finning International news, insider Gary Samuel Megarrell sold 300 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$103.00, for a total transaction of C$30,900.00. Following the completion of the transaction, the insider owned 2,511 shares in the company, valued at approximately C$258,633. This represents a 10.67% decrease in their position. Also, insider Tim Arne Ferwerda sold 1,478 shares of Finning International stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$106.12, for a total value of C$156,845.36. Following the completion of the sale, the insider directly owned 16,016 shares in the company, valued at C$1,699,617.92. This represents a 8.45% decrease in their position. Over the last ninety days, insiders sold 7,813 shares of company stock valued at $827,102. Company insiders own 0.10% of the company’s stock.
About Finning International
Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.
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