Insider Selling: Finning International Inc. (TSE:FTT) Senior Officer Sells 2,500 Shares of Stock

Finning International Inc. (TSE:FTT) Senior Officer Cheryl Lynn Gray sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of C$44.35, for a total transaction of C$110,884.50.

Finning International Stock Down 1.3 %

Shares of FTT opened at C$44.27 on Friday. Finning International Inc. has a 12 month low of C$34.28 and a 12 month high of C$45.17. The firm’s 50 day moving average is C$39.02 and its 200-day moving average is C$39.70. The stock has a market capitalization of C$6.08 billion, a PE ratio of 12.38, a P/E/G 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.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FTT shares. Raymond James cut their price objective on shares of Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. Canaccord Genuity Group cut their price objective on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Canaccord Genuity Group raised their price objective on shares of Finning International from C$51.00 to C$55.00 in a research report on Friday, February 7th. BMO Capital Markets raised their target price on shares of Finning International from C$45.00 to C$50.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada lowered their target price on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average 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.