Finning International (TSE:FTT) Price Target Increased to C$49.00 by Analysts at Royal Bank of Canada

Finning International (TSE:FTT) had its target price hoisted by Royal Bank of Canada from C$45.00 to C$49.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the company. CIBC dropped their price objective on Finning International from C$48.00 to C$46.00 and set an outperform rating on the stock in a research note on Thursday, February 8th. BMO Capital Markets raised their price target on Finning International from C$47.00 to C$48.00 in a research note on Wednesday. Scotiabank upped their price objective on shares of Finning International from C$53.00 to C$54.00 and gave the stock an outperform rating in a research note on Wednesday. National Bankshares raised their target price on shares of Finning International from C$46.00 to C$47.00 and gave the company an outperform rating in a research report on Wednesday. Finally, National Bank Financial upgraded shares of Finning International from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, February 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Finning International has an average rating of Moderate Buy and a consensus price target of C$49.13.

Finning International Trading Up 1.7 %

FTT stock opened at C$42.96 on Wednesday. Finning International has a 12 month low of C$33.77 and a 12 month high of C$46.30. The firm’s 50-day moving average is C$39.80 and its 200 day moving average is C$38.04. The company has a market capitalization of C$6.19 billion, a PE ratio of 12.14, 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.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, February 6th. The company reported C$0.96 EPS for the quarter, topping 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 business had revenue of C$2.40 billion for the quarter, compared to the consensus estimate of C$2.54 billion. On average, research analysts anticipate that Finning International will post 3.9857007 EPS for the current year.

Finning International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Wednesday, May 22nd will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.56%. The ex-dividend date is Tuesday, May 21st. This is a positive change from Finning International’s previous quarterly dividend of $0.25. Finning International’s payout ratio is 28.25%.

Insider Buying and Selling at Finning International

In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of Finning International stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$36.00, for a total value of C$360,000.00. 0.12% of the stock is owned by insiders.

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.