Brokerages Set Finning International Inc. (TSE:FTT) Target Price at C$49.13

Finning International Inc. (TSE:FTT) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$49.13.

A number of research analysts have issued reports on the company. National Bankshares lifted their target price on Finning International from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Royal Bank of Canada boosted their target price on shares of Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. BMO Capital Markets increased their price target on Finning International from C$47.00 to C$48.00 in a research note on Wednesday, May 8th. CIBC boosted their price objective on Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, Scotiabank boosted their price target on Finning International from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th.

Insider Buying and Selling

In related news, Director Harold N. Kvisle acquired 5,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of C$38.93 per share, for a total transaction of C$194,650.00. In other news, Director Harold N. Kvisle acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was purchased at an average price of C$38.93 per share, for a total transaction of C$194,650.00. Also, Senior Officer Sebastian Tomas Guridi sold 700 shares of the stock in a transaction on Monday, May 27th. The stock was sold at an average price of C$44.01, for a total value of C$30,803.50. Over the last 90 days, insiders acquired 23,100 shares of company stock valued at $971,140 and sold 5,320 shares valued at $230,530. 0.09% of the stock is currently owned by insiders.

Finning International Trading Up 1.8 %

Shares of FTT stock opened at C$40.10 on Tuesday. The stock has a 50 day simple moving average of C$40.85 and a 200 day simple moving average of C$39.67. Finning International has a 1 year low of C$33.77 and a 1 year high of C$46.30. The company has a current ratio of 1.52, a quick ratio of 0.59 and a debt-to-equity ratio of 120.20. The stock has a market cap of C$5.70 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62.

Finning International (TSE:FTT) last issued its earnings results on Monday, May 6th. The company reported C$0.84 EPS for the quarter, missing the consensus estimate of C$0.87 by C($0.03). Finning International had a net margin of 4.75% and a return on equity of 20.10%. The firm had revenue of C$2.33 billion during the quarter, compared to analyst estimates of C$2.18 billion. On average, research analysts predict that Finning International will post 4 earnings per share for the current fiscal year.

Finning International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Wednesday, May 22nd were given a dividend of $0.275 per share. This is a positive change from Finning International’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, May 21st. This represents a $1.10 annualized dividend and a dividend yield of 2.74%. Finning International’s dividend payout ratio is presently 31.52%.

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.