Finning International (TSE:FTT) Price Target Raised to C$50.00 at BMO Capital Markets

Finning International (TSE:FTT) had its price target upped by BMO Capital Markets from C$48.00 to C$50.00 in a research report report published on Thursday, BayStreet.CA reports.

Several other equities analysts also recently commented on FTT. Scotiabank boosted their target price on shares of Finning International from C$53.00 to C$54.00 and gave the stock an outperform rating in a report on Wednesday, May 8th. Royal Bank of Canada boosted their target price on shares of Finning International from C$49.00 to C$50.00 in a report on Thursday. National Bankshares boosted their target price on shares of Finning International from C$46.00 to C$47.00 and gave the stock an outperform rating in a report on Wednesday, May 8th. TD Securities boosted their target price on shares of Finning International from C$41.00 to C$43.00 and gave the stock a hold rating in a report on Wednesday, May 8th. Finally, CIBC 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 report on Wednesday, May 8th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of Buy and a consensus target price of C$49.75.

Finning International Price Performance

TSE FTT opened at C$38.71 on Thursday. Finning International has a 12 month low of C$33.77 and a 12 month high of C$44.86. The stock has a market cap of C$5.40 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.56 and a beta of 1.62. The company’s 50 day moving average is C$39.56 and its two-hundred day moving average is C$39.62. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 110.73.

Finning International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Thursday, August 22nd. Finning International’s payout ratio is 31.34%.

Insider Activity at Finning International

In related news, Senior Officer Sebastian Tomas Guridi sold 700 shares of the company’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of C$44.01, for a total transaction of C$30,803.50. In other news, Senior Officer Kevin Parkes bought 2,777 shares of Finning International stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of C$36.39 per share, with a total value of C$101,055.03. Also, Senior Officer Sebastian Tomas Guridi sold 700 shares of the stock in a transaction on Monday, May 27th. The shares were sold at an average price of C$44.01, for a total transaction of C$30,803.50. Over the last 90 days, insiders have acquired 25,877 shares of company stock valued at $1,072,195 and have sold 1,800 shares valued at $78,010. 0.10% of the stock is owned by 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.