Finning International Inc. (TSE:FTT) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Finning International Inc. (TSE:FTT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$47.25.

Several brokerages have weighed in on FTT. BMO Capital Markets dropped their target price on Finning International from C$48.00 to C$47.00 in a research report on Wednesday, February 7th. National Bank Financial raised Finning International from a "sector perform market weight" rating to an "outperform market weight" rating in a report on Wednesday, February 7th. National Bankshares raised 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. Royal Bank of Canada lowered 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, CIBC lowered 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.

Insider Activity at Finning International

In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. Also, Senior Officer Kevin Parkes acquired 3,000 shares of the firm's stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of C$36.14 per share, with a total value of C$108,420.00. 0.12% of the stock is currently owned by corporate insiders.

Finning International Stock Down 0.6 %

TSE FTT traded down C$0.23 on Friday, reaching C$41.36. The company had a trading volume of 302,587 shares, compared to its average volume of 359,813. The firm has a market capitalization of C$5.96 billion, a PE ratio of 11.68, a P/E/G ratio of 0.56 and a beta of 1.63. The company has a debt-to-equity ratio of 106.56, a current ratio of 1.41 and a quick ratio of 0.59. The firm has a 50-day moving average of C$37.30 and a 200-day moving average of C$37.63. Finning International has a 1 year low of C$33.25 and a 1 year high of C$46.30.

Finning International (TSE:FTT - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported C$0.96 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 during 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, equities research analysts anticipate that Finning International will post 3.984985 EPS for the current fiscal year.

Finning International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were given a $0.25 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. Finning International's dividend payout ratio (DPR) is 28.25%.

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.