Finning International Inc. (TSE:FTT) Receives C$48.83 Consensus Price Target from Brokerages

Finning International Inc. (TSE:FTT) has been assigned an average rating of “Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$48.83.

Several equities analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on Finning International from C$49.00 to C$50.00 in a research report on Thursday, August 8th. CIBC increased their price objective on shares of Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets lifted their price objective on shares of Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. Scotiabank set a C$51.00 target price on shares of Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Finally, TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and raised their target price for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th.

Insiders Place Their Bets

In other Finning International news, Senior Officer Kevin Parkes bought 2,777 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of C$36.39 per share, for a total transaction of C$101,055.03. Corporate insiders own 0.10% of the company’s stock.

Finning International Price Performance

The stock has a market capitalization of C$5.84 billion, a P/E ratio of 12.01, a P/E/G ratio of 0.56 and a beta of 1.55. Finning International has a 1-year low of C$33.77 and a 1-year high of C$45.17. The firm’s fifty day moving average price is C$40.96 and its 200 day moving average price is C$40.93. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.98 by C$0.04. The firm had revenue of C$2.65 billion for the quarter, compared to the consensus estimate of C$2.57 billion. Finning International had a net margin of 4.65% and a return on equity of 20.14%. On average, sell-side analysts anticipate that Finning International will post 4.244898 earnings per share for the current fiscal year.

Finning International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.275 per share. The ex-dividend date was Thursday, August 22nd. This represents a $1.10 annualized dividend and a yield of ?. Finning International’s dividend payout ratio (DPR) is currently 31.34%.

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.