Finning International (TSE:FTT) Price Target Raised to C$48.00 at BMO Capital Markets

Finning International (TSE:FTT) had its price target increased by BMO Capital Markets from C$47.00 to C$48.00 in a report released on Wednesday, BayStreet.CA reports.

A number of other analysts have also issued reports on FTT. National Bankshares raised 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. CIBC dropped their target price on 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. Scotiabank boosted their price objective on Finning International from C$52.00 to C$53.00 and gave the company an outperform rating in a report on Tuesday, April 16th. 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, Royal Bank of Canada lowered their price objective on Finning International from C$50.00 to C$45.00 and set an outperform rating for the company in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$49.13.

Finning International Stock Up 1.7 %

Shares of TSE FTT opened at C$42.96 on Wednesday. Finning International has a 1 year low of C$33.77 and a 1 year high of C$46.30. The firm has a market cap of C$6.19 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.56 and a beta of 1.63. The company has a debt-to-equity ratio of 106.56, a quick ratio of 0.59 and a current ratio of 1.41. The stock’s 50-day simple moving average is C$39.80 and its 200-day simple moving average is C$38.04.

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

Finning International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.275 per share. The ex-dividend date is Tuesday, May 21st. This is an increase from Finning International’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 2.56%. Finning International’s payout ratio is currently 28.25%.

Insider Transactions at Finning International

In other news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. 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.