Finning International (FTT) – Investment Analysts’ Weekly Ratings Changes

Finning International (TSE: FTT) recently received a number of ratings updates from brokerages and research firms:

• 8/10/2023 – Finning International had its price target raised by analysts at Royal Bank of Canada from C$51.00 to C$52.00. They now have an “outperform” rating on the stock.
• 8/10/2023 – Finning International had its price target raised by analysts at TD Securities from C$39.00 to C$46.00. They now have a “hold” rating on the stock.
• 8/10/2023 – Finning International had its price target raised by analysts at BMO Capital Markets from C$48.00 to C$50.00.
• 8/10/2023 – Finning International had its price target raised by analysts at CIBC from C$47.00 to C$48.00.
• 7/25/2023 – Finning International had its price target raised by analysts at Royal Bank of Canada from C$44.00 to C$51.00. They now have an “outperform” rating on the stock.

Finning International Stock Up 0.9 %

TSE:FTT opened at C$42.52 on Thursday. The company’s 50-day simple moving average is C$42.35 and its 200-day simple moving average is C$37.98. The stock has a market capitalization of C$6.21 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.56 and a beta of 1.68. The company has a debt-to-equity ratio of 108.45, a quick ratio of 0.59 and a current ratio of 1.40. Finning International Inc. has a fifty-two week low of C$23.46 and a fifty-two week high of C$46.30.

Finning International (TSE:FTT) last posted its quarterly earnings results on Tuesday, August 8th. The company reported C$1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.15. Finning International had a net margin of 5.56% and a return on equity of 23.78%. The company had revenue of C$2.56 billion during the quarter, compared to analyst estimates of C$2.18 billion. On average, equities analysts anticipate that Finning International Inc. will post 3.8050609 earnings per share for the current fiscal year.

Finning International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Wednesday, August 23rd. Finning International’s dividend payout ratio (DPR) is 26.74%.

Insider Activity at Finning International

In other Finning International news, Director Christopher William Patterson sold 5,625 shares of Finning International stock in a transaction on Friday, August 11th. The shares were sold at an average price of C$32.82, for a total transaction of C$184,620.94. 0.27% of the stock is owned by corporate insiders.

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, draglines, 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.