Finning International (TSE:FTT) Price Target Increased to C$50.00 by Analysts at BMO Capital Markets

Finning International (TSE:FTT) had its price target lifted by BMO Capital Markets from C$48.00 to C$50.00 in a research note released on Thursday, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on FTT. CIBC raised their target price on Finning International from C$45.00 to C$49.00 and gave the stock an outperform rating in a report on Wednesday, May 8th. TD Securities lifted their price objective on shares of Finning International from C$41.00 to C$43.00 and gave the stock a hold rating in a research note on Wednesday, May 8th. Scotiabank upped their target price on shares of Finning International from C$53.00 to C$54.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Royal Bank of Canada lifted their price target on shares of Finning International from C$49.00 to C$50.00 in a research report on Thursday. Finally, National Bankshares boosted their price target on shares of Finning International from C$46.00 to C$47.00 and gave the company an outperform rating in a report on Wednesday, May 8th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of C$49.75.

Finning International Trading Up 3.7 %

FTT stock traded up C$1.37 during midday trading on Thursday, reaching C$38.71. The company’s stock had a trading volume of 420,169 shares, compared to its average volume of 369,600. The business’s 50-day simple moving average is C$39.60 and its 200-day simple moving average is C$39.63. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 110.73. Finning International has a 52 week low of C$33.77 and a 52 week high of C$44.86. The stock has a market cap of C$5.40 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62.

Finning International (TSE:FTT) last posted its quarterly earnings results on Monday, May 6th. The company reported C$0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.87 by C($0.03). Finning International had a return on equity of 20.14% and a net margin of 4.65%. The company had revenue of C$2.33 billion during the quarter, compared to the consensus estimate of C$2.18 billion. As a group, sell-side analysts expect that Finning International will post 4.1442841 EPS for the current year.

Finning International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, August 22nd. This represents a $1.10 annualized dividend and a dividend yield of 2.84%. Finning International’s dividend payout ratio is currently 31.34%.

Insider Buying and Selling at Finning International

In other Finning International news, Senior Officer Kevin Parkes bought 2,777 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of C$36.39 per share, with a total value of C$101,055.03. In related news, Director Harold N. Kvisle purchased 5,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was purchased at an average cost of C$38.93 per share, for a total transaction of C$194,650.00. Also, Senior Officer Kevin Parkes acquired 2,777 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of C$36.39 per share, for a total transaction of C$101,055.03. In the last quarter, insiders have bought 25,877 shares of company stock worth $1,072,195 and have sold 4,900 shares worth $212,426. Company insiders own 0.10% of the company’s stock.

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.