Finning International (TSE:FTT) Given New C$47.00 Price Target at CIBC

Finning International (TSE:FTT) had its target price lowered by CIBC from C$48.00 to C$47.00 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

FTT has been the subject of a number of other research reports. Raymond James increased their target price on shares of Finning International from C$50.00 to C$52.00 and gave the stock an outperform rating in a report on Tuesday, October 3rd. TD Securities dropped their target price on shares of Finning International from C$46.00 to C$40.00 and set a hold rating for the company in a report on Wednesday. Royal Bank of Canada dropped their target price on shares of Finning International from C$52.00 to C$50.00 and set an outperform rating for the company in a report on Wednesday. BMO Capital Markets increased their target price on shares of Finning International from C$50.00 to C$52.00 in a report on Thursday, October 12th. Finally, Canaccord Genuity Group increased their target price on shares of Finning International from C$48.00 to C$51.00 and gave the stock a buy rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$47.22.

Finning International Trading Up 0.6 %

Shares of Finning International stock opened at C$35.35 on Wednesday. The company has a market capitalization of C$5.16 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.56 and a beta of 1.67. The company has a quick ratio of 0.59, a current ratio of 1.41 and a debt-to-equity ratio of 109.31. Finning International has a 12-month low of C$30.77 and a 12-month high of C$46.30. The firm’s 50-day moving average price is C$40.06 and its two-hundred day moving average price is C$39.99.

Finning International (TSE:FTT) last announced its quarterly earnings data 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. The firm had revenue of C$2.56 billion for the quarter, compared to the consensus estimate of C$2.18 billion. Finning International had a net margin of 5.46% and a return on equity of 22.91%. On average, analysts forecast that Finning International will post 3.7264051 earnings per share for the current fiscal year.

Finning International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.83%. Finning International’s dividend payout ratio (DPR) is presently 26.74%.

Insider Activity at Finning International

In other Finning International news, Director Christopher William Patterson sold 5,625 shares of the stock in a transaction that occurred 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 company insiders.

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, 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.