Finning International (TSE:FTT) PT Raised to C$43.00

Finning International (TSE:FTT) had its target price hoisted by TD Securities from C$41.00 to C$43.00 in a research report report published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other research firms also recently commented on FTT. CIBC cut their target price on shares of Finning International from C$48.00 to C$46.00 and set an outperform rating for the company in a research report on Thursday, February 8th. Scotiabank lifted their target price on shares of Finning International from C$52.00 to C$53.00 and gave the stock an outperform rating in a research report on Tuesday, April 16th. National Bank Financial raised 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 lifted their target price on shares of Finning International from C$47.00 to C$48.00 in a research report on Wednesday. Finally, National Bankshares raised 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$49.13.

Finning International Price Performance

Shares of TSE FTT opened at C$42.96 on Wednesday. Finning International has a twelve month low of C$33.77 and a twelve month high of C$46.30. The firm has a market cap of C$6.19 billion, a P/E ratio of 12.14, a PEG ratio of 0.56 and a beta of 1.63. The company has a 50 day moving average of C$39.80 and a 200 day moving average of C$38.04. The company has a quick ratio of 0.59, a current ratio of 1.41 and a debt-to-equity ratio of 106.56.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 earnings per share 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 company had revenue of C$2.40 billion during the quarter, compared to analyst estimates of C$2.54 billion. As a group, research analysts expect that Finning International will post 3.9857007 EPS for the current fiscal year.

Finning International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Wednesday, May 22nd will be given 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 is Tuesday, May 21st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.56%. Finning International’s payout ratio is presently 28.25%.

Insider Activity

In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total value of C$360,000.00. Insiders own 0.12% of the company’s stock.

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.