Finning International Inc. (TSE:FTT – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$37.85 and traded as high as C$42.50. Finning International shares last traded at C$42.12, with a volume of 468,100 shares changing hands.
Analyst Ratings Changes
A number of research firms have recently commented on FTT. Scotiabank boosted their price target on shares of Finning International from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. BMO Capital Markets cut their target price on shares of Finning International from C$48.00 to C$47.00 in a research report on Wednesday, February 7th. 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. CIBC cut their target price on shares of Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Finally, TD Securities upped 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 assigned a buy rating to the stock. According to data from MarketBeat, Finning International presently has an average rating of “Moderate Buy” and an average target price of C$47.63.
Check Out Our Latest Research Report on FTT
Finning International Trading Up 0.9 %
Finning International (TSE:FTT – Get Free Report) 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. Finning International had a net margin of 4.97% and a return on equity of 20.88%. The company had revenue of C$2.40 billion for the quarter, compared to analysts’ expectations of C$2.54 billion. As a group, equities research analysts expect that Finning International Inc. will post 3.9857007 earnings per share for the current fiscal year.
Finning International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Wednesday, February 21st. Finning International’s dividend payout ratio (DPR) is presently 28.25%.
Insiders Place Their Bets
In other Finning International news, Senior Officer Kevin Parkes acquired 3,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of C$36.14 per share, for a total transaction of C$108,420.00. In other news, Senior Officer Kevin Parkes purchased 3,000 shares of the business’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. Also, Senior Officer David Francis Neil Primrose sold 10,000 shares of the stock in a transaction that occurred 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. Corporate insiders own 0.12% of the company’s stock.
About Finning International
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.
Recommended Stories
- Five stocks we like better than Finning International
- How to Effectively Use the MarketBeat Ratings Screener
- Charles Schwab Fortifies its Uptrend on EPS Beat
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Lockheed Martin Stock Aims for a Fresh All-Time High
- What Are Dividends? Buy the Best Dividend Stocks
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for Finning International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International and related companies with MarketBeat.com's FREE daily email newsletter.