Finning International Inc. (TSE:FTT) Receives C$47.63 Average Price Target from Analysts

Shares of Finning International Inc. (TSE:FTT) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$47.63.

Several brokerages recently weighed in on FTT. CIBC decreased their price target on Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Scotiabank lifted their target price on shares of Finning International from C$52.00 to C$53.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. TD Securities increased their price target on shares of Finning International from C$40.00 to C$41.00 and gave the stock a “hold” rating in a report on Monday, February 12th. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. Finally, National Bankshares upgraded Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 target price on the stock in a research report on Thursday, February 8th.

Insider Transactions at Finning International

In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of Finning International stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$36.00, for a total value of C$360,000.00. In other news, Senior Officer Kevin Parkes acquired 3,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost 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 business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$36.00, for a total value of C$360,000.00. Insiders own 0.12% of the company’s stock.

Finning International Price Performance

Shares of FTT opened at C$40.38 on Thursday. The firm has a fifty day moving average price of C$39.35 and a 200 day moving average price of C$37.98. The stock has a market cap of C$5.82 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. Finning International has a 1-year low of C$33.72 and a 1-year high of C$46.30. The company has a debt-to-equity ratio of 106.56, a current ratio of 1.41 and a quick ratio of 0.59.

Finning International (TSE:FTT) last issued its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.02. The company had revenue of C$2.40 billion during the quarter, compared to analysts’ expectations of C$2.54 billion. Finning International had a return on equity of 20.88% and a net margin of 4.97%. As a group, sell-side analysts anticipate that Finning International will post 3.9857007 EPS for the current year.

Finning International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.00 annualized dividend and a yield of 2.48%. Finning International’s dividend payout ratio (DPR) is presently 28.25%.

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.