Insider Selling: Finning International Inc. (FTT.TO) (TSE:FTT) Senior Officer Sells 603 Shares of Stock

Finning International Inc. (FTT.TO) (TSE:FTT) Senior Officer Juan Pablo Amar sold 603 shares of the firm’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of C$30.15, for a total value of C$18,177.44. Following the sale, the insider now directly owns 28,429 shares in the company, valued at approximately C$856,992.21.

Finning International Inc. (FTT.TO) stock opened at C$31.93 on Monday. The stock has a 50-day simple moving average of C$28.98 and a 200 day simple moving average of C$24.28. The company has a debt-to-equity ratio of 76.97, a quick ratio of 1.03 and a current ratio of 1.98. The stock has a market capitalization of C$5.18 billion and a P/E ratio of 22.33. Finning International Inc. has a 52 week low of C$10.59 and a 52 week high of C$32.34.

A number of research firms have issued reports on FTT. Royal Bank of Canada increased their target price on Finning International Inc. (FTT.TO) from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. TD Securities increased their target price on Finning International Inc. (FTT.TO) from C$32.00 to C$34.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Raymond James increased their target price on Finning International Inc. (FTT.TO) from C$31.00 to C$34.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. BMO Capital Markets increased their target price on Finning International Inc. (FTT.TO) from C$32.00 to C$35.00 in a report on Friday, February 12th. Finally, Scotiabank raised their price objective on Finning International Inc. (FTT.TO) from C$33.00 to C$34.50 in a report on Friday, February 12th. Seven research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$33.28.

Finning International Inc. (FTT.TO) Company Profile

Finning International Inc engages in selling, servicing, and renting heavy equipment, and power and energy systems in Canada, the United States, South America, the United Kingdom, and Ireland. It offers tractors, off-highway trucks, drills, electric rope shovels, hydraulic excavators and draglines, backhoe loaders, excavators, forklifts, articulated trucks, loaders, log loaders, tree harvesters, skidders, motor graders, paving products, compactors, wheel tractor-scrapers, pipe layers, extensive underground equipment, and other products.

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