Finning International Inc. (TSE:FTT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.92 and traded as high as C$43.06. Finning International shares last traded at C$42.53, with a volume of 179,024 shares traded.
Analysts Set New Price Targets
FTT has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price objective on Finning International from C$49.00 to C$50.00 in a research report on Thursday, August 8th. CIBC upped their target price on Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$43.00 to C$45.00 in a report on Friday, August 9th. Finally, Scotiabank set a C$51.00 price objective on shares of Finning International and gave the company an “outperform” rating in a report on Wednesday, August 21st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Finning International currently has a consensus rating of “Buy” and an average price target of C$48.83.
Check Out Our Latest Research Report on Finning International
Finning International Price Performance
Finning International (TSE:FTT – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.98 by C$0.04. Finning International had a net margin of 4.65% and a return on equity of 20.14%. The firm had revenue of C$2.65 billion for the quarter, compared to analysts’ expectations of C$2.57 billion. On average, sell-side analysts predict that Finning International Inc. will post 4.244898 earnings per share for the current fiscal year.
Finning International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.10 annualized dividend and a dividend yield of 2.59%. Finning International’s dividend payout ratio is presently 31.34%.
Insider Activity at Finning International
In other news, Senior Officer Kevin Parkes purchased 2,777 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of C$36.39 per share, with a total value of C$101,055.03. 0.10% of the stock is owned by corporate insiders.
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.
Featured Stories
- Five stocks we like better than Finning International
- What Do S&P 500 Stocks Tell Investors About the Market?
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Stock Market Upgrades: What Are They?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Pros And Cons Of Monthly Dividend Stocks
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Finning International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International and related companies with MarketBeat.com's FREE daily email newsletter.