Finning International (TSE:FTT) PT Raised to C$53.00

Finning International (TSE:FTT) had its target price hoisted by Scotiabank from C$52.00 to C$53.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. National Bankshares raised shares of Finning International from a sector perform rating to an outperform rating and set a C$46.00 price target on the stock in a report on Thursday, February 8th. BMO Capital Markets decreased their price target on shares of Finning International from C$48.00 to C$47.00 in a report on Wednesday, February 7th. CIBC cut their target price on shares of Finning International from C$48.00 to C$46.00 and set an outperform rating on the stock in a research report on Thursday, February 8th. National Bank Financial upgraded shares of Finning International from a sector perform market weight rating to an outperform market weight rating in a research report on Wednesday, February 7th. Finally, TD Securities lifted their target price on shares of Finning International from C$40.00 to C$41.00 and gave the stock a hold rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$47.63.

Finning International Price Performance

FTT stock opened at C$42.43 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.41 and a debt-to-equity ratio of 106.56. Finning International has a 12 month low of C$33.72 and a 12 month high of C$46.30. The firm has a market cap of C$6.11 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.56 and a beta of 1.63. The company’s 50-day moving average price is C$37.70 and its two-hundred day moving average price is C$37.77.

Finning International (TSE:FTT) last announced its quarterly earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.94 by C$0.02. The company had revenue of C$2.40 billion for the quarter, compared to analyst estimates of C$2.54 billion. Finning International had a net margin of 4.97% and a return on equity of 20.88%. On average, analysts anticipate that Finning International will post 3.9857007 earnings per share for the current fiscal year.

Finning International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were given a $0.25 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. Finning International’s dividend payout ratio (DPR) is currently 28.25%.

Insider Transactions at Finning International

In other news, Senior Officer Kevin Parkes purchased 3,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of C$36.14 per share, for a total transaction of C$108,420.00. In related news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. Also, Senior Officer Kevin Parkes bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average price of C$36.14 per share, for a total transaction of C$108,420.00. Corporate insiders own 0.12% 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.