Finning International (TSE:FTT) PT Raised to C$53.00 at Scotiabank

Finning International (TSE:FTT - Free Report) had its price target boosted by Scotiabank from C$52.00 to C$53.00 in a research report released on Tuesday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on FTT. Royal Bank of Canada dropped their target price on shares of Finning International from C$50.00 to C$45.00 and set an outperform rating for the company in a research report on Thursday, February 8th. National Bankshares upgraded shares of Finning International from a sector perform rating to an outperform rating and set a C$46.00 target price for the company in a research report on Thursday, February 8th. National Bank Financial upgraded shares of Finning International from a sector perform market weight rating to an outperform market weight rating in a research report on Wednesday, February 7th. BMO Capital Markets dropped their target price on shares of Finning International from C$48.00 to C$47.00 in a research report on Wednesday, February 7th. Finally, TD Securities lifted their target price on shares of Finning International from C$40.00 to C$41.00 and gave the company a hold rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$47.63.

Finning International Price Performance

Shares of FTT stock traded up C$0.22 during trading hours on Tuesday, reaching C$42.43. The stock had a trading volume of 268,407 shares, compared to its average volume of 355,154. The stock's fifty day simple moving average is C$37.70 and its 200 day simple moving average is C$37.77. The company has a current ratio of 1.41, a quick ratio of 0.59 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 firm has a market capitalization of C$6.11 billion, a PE ratio of 11.99, a PEG ratio of 0.56 and a beta of 1.63.

Finning International (TSE:FTT - Get Free Report) last released its quarterly earnings data 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. Finning International had a net margin of 4.97% and a return on equity of 20.88%. The company had revenue of C$2.40 billion during the quarter, compared to analyst estimates of C$2.54 billion. On average, equities research analysts predict that Finning International will post 3.9857007 EPS for the current year.

Finning International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Wednesday, February 21st. Finning International's dividend payout ratio (DPR) is presently 28.25%.

Insiders Place Their Bets

In related news, 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. In related news, 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. Also, Senior Officer Kevin Parkes bought 3,000 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of C$36.14 per share, for a total transaction of C$108,420.00. Insiders own 0.12% of the company's stock.

Finning International Company Profile

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.