Finning International (TSE:FTT) Given New C$53.00 Price Target at Scotiabank

Finning International (TSE:FTT) had its price target lifted by Scotiabank from C$52.00 to C$53.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

FTT has been the topic of a number of other reports. TD Securities lifted their price target on 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 upgraded Finning International from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, February 7th. CIBC dropped their price target 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. Royal Bank of Canada dropped their price target 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, National Bankshares upgraded Finning International from a sector perform rating to an outperform rating and set a C$46.00 price target on the stock in a report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of C$47.63.

Finning International Stock Up 0.5 %

Shares of TSE:FTT opened at C$42.06 on Tuesday. The stock has a market cap of C$6.06 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.56 and a beta of 1.63. The company has a quick ratio of 0.59, a current ratio of 1.41 and a debt-to-equity ratio of 106.56. Finning International has a 12-month low of C$33.72 and a 12-month high of C$46.30. The business’s 50 day moving average is C$37.93 and its 200 day moving average is C$37.82.

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, beating the consensus estimate of C$0.94 by C$0.02. The company had revenue of C$2.40 billion for 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%. On average, sell-side analysts forecast that Finning International will post 3.9857007 earnings per share for the current fiscal year.

Finning International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 2.38%. Finning International’s payout ratio is presently 28.25%.

Insider Buying and Selling at Finning International

In related news, Senior Officer Kevin Parkes purchased 3,000 shares of Finning International stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of C$36.14 per share, for a total transaction of C$108,420.00. In related news, Senior Officer Kevin Parkes purchased 3,000 shares of Finning International stock in a transaction dated Thursday, February 8th. The stock was bought 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 Finning International stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total value 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.