Finning International (TSE:FTT) had its price objective reduced by National Bank Financial from C$29.00 to C$28.00 in a report issued on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Finning International’s Q1 2020 earnings at $0.36 EPS, Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.48 EPS, FY2020 earnings at $1.75 EPS and FY2021 earnings at $1.96 EPS.
A number of other research analysts have also recently issued reports on the company. Canaccord Genuity lifted their price target on Finning International from C$27.00 to C$28.00 in a report on Monday, January 13th. Raymond James reaffirmed a market perform rating and issued a C$24.00 price target on shares of Finning International in a report on Thursday. CIBC boosted their price objective on Finning International from C$27.00 to C$29.00 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada dropped their price objective on Finning International from C$32.00 to C$30.00 and set an outperform rating for the company in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Finning International presently has a consensus rating of Buy and an average price target of C$26.13.
Shares of Finning International stock traded down C$0.05 during trading on Thursday, reaching C$21.37. The company’s stock had a trading volume of 510,250 shares, compared to its average volume of 256,685. The stock has a 50-day moving average price of C$24.32 and a two-hundred day moving average price of C$23.48. The company has a current ratio of 1.70, a quick ratio of 0.64 and a debt-to-equity ratio of 108.85. Finning International has a one year low of C$21.17 and a one year high of C$26.49. The stock has a market capitalization of $3.47 billion and a P/E ratio of 14.24.
In other news, Senior Officer David Francis Neil Primrose acquired 2,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of C$21.40 per share, with a total value of C$42,800.00. Following the acquisition, the insider now owns 29,841 shares of the company’s stock, valued at approximately C$638,597.40. Also, Senior Officer Marchello Marchese sold 2,266 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$25.31, for a total value of C$57,363.56. Following the sale, the insider now directly owns 36,575 shares of the company’s stock, valued at C$925,892.47. Insiders have sold a total of 5,841 shares of company stock valued at $145,284 over the last three months.
About Finning International
Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, agriculture, governmental, paving, and forestry, as well as various power system applications.
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