Harold N. Kvisle Sells 600 Shares of Finning International Inc. (TSE:FTT) Stock

Finning International Inc. (TSE:FTTGet Free Report) Director Harold N. Kvisle sold 600 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$43.14, for a total value of C$25,884.00.

Harold N. Kvisle also recently made the following trade(s):

  • On Monday, May 13th, Harold N. Kvisle sold 3,100 shares of Finning International stock. The shares were sold at an average price of C$43.36, for a total transaction of C$134,416.00.

Finning International Stock Performance

Shares of FTT stock opened at C$44.06 on Friday. The business has a fifty day moving average of C$40.88 and a 200 day moving average of C$38.32. Finning International Inc. has a 1 year low of C$33.77 and a 1 year high of C$46.30. The company has a debt-to-equity ratio of 120.20, a current ratio of 1.52 and a quick ratio of 0.59. The firm has a market capitalization of C$6.26 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62.

Finning International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Wednesday, May 22nd will be issued a dividend of $0.275 per share. This is an increase from Finning International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.50%. Finning International’s payout ratio is 31.52%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FTT shares. National Bank Financial upgraded shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, February 7th. Scotiabank upped their price target on Finning International from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. National Bankshares raised their price objective on Finning International from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Royal Bank of Canada upped their target price on Finning International from C$45.00 to C$49.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets raised their price target on Finning International from C$47.00 to C$48.00 in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Finning International currently has an average rating of “Moderate Buy” and a consensus price target of C$49.13.

Check Out Our Latest Research Report on Finning International

About Finning International

(Get Free Report)

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.

Further Reading

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