Finning International (TSE:FTT) PT Raised to C$47.00

Finning International (TSE:FTT) had its target price raised by National Bankshares from C$46.00 to C$47.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently commented on the company. BMO Capital Markets increased their price target on Finning International from C$47.00 to C$48.00 in a report on Wednesday. CIBC reduced their target price on Finning International from C$48.00 to C$46.00 and set an outperform rating on the stock in a report on Thursday, February 8th. TD Securities increased their target price on Finning International from C$41.00 to C$43.00 and gave the stock a hold rating in a report on Wednesday. Royal Bank of Canada reduced their target price on Finning International from C$50.00 to C$45.00 and set an outperform rating on the stock in a report on Thursday, February 8th. Finally, Scotiabank increased their target price on Finning International from C$52.00 to C$53.00 and gave the stock an outperform rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of C$49.13.

Finning International Trading Up 1.7 %

Shares of FTT opened at C$42.96 on Wednesday. The company has a market capitalization of C$6.19 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.56 and a beta of 1.63. Finning International has a one year low of C$33.77 and a one year high of C$46.30. 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 has a 50-day moving average price of C$39.80 and a 200 day moving average price of C$38.04.

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

Finning International Increases Dividend

The business also recently declared 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. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Finning International’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, May 21st. Finning International’s dividend payout ratio is presently 28.25%.

Insider Transactions at Finning International

In other news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the 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.