Finning International Inc. (TSE:FTT) had its price objective lifted by National Bank Financial from C$33.00 to C$37.50 in a report released on Wednesday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Finning International’s Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.32 EPS and FY2018 earnings at $1.70 EPS.

Other research analysts also recently issued reports about the stock. CIBC boosted their price objective on shares of Finning International from C$29.00 to C$31.00 in a research report on Tuesday, October 24th. Canaccord Genuity boosted their price objective on shares of Finning International from C$33.00 to C$36.00 in a research report on Wednesday, October 18th. TD Securities raised shares of Finning International from a hold rating to a buy rating and set a C$29.00 target price on the stock in a research report on Thursday, August 3rd. Finally, Scotiabank upped their target price on shares of Finning International from C$32.00 to C$35.00 and gave the stock an outperform rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$34.72.

Finning International (TSE FTT) opened at C$31.18 on Wednesday. Finning International has a 1 year low of C$23.76 and a 1 year high of C$32.93.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 23rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, November 21st. Finning International’s payout ratio is 76.03%.

In related news, insider Kevin Parkes sold 2,074 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of C$31.62, for a total value of C$65,579.88. Also, insider Cristian Chavez sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of C$27.90, for a total transaction of C$83,700.00.

Finning International Company Profile

Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.

Analyst Recommendations for Finning International (TSE:FTT)

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