Analysts Set Finning International Inc. (FTT) PT at $34.72

Finning International Inc. (TSE:FTT) has earned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$34.72.

Several research firms have recently commented on FTT. BMO Capital Markets set a C$37.00 target price on shares of Finning International and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Scotiabank restated an “outperform” rating and issued a C$32.00 target price on shares of Finning International in a research note on Saturday, September 23rd. TD Securities raised their target price on shares of Finning International from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. National Bank Financial raised their target price on shares of Finning International from C$33.00 to C$37.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Finally, Raymond James Financial raised their target price on shares of Finning International from C$32.00 to C$36.25 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th.

In related news, insider David William Cummings acquired 9,500 shares of Finning International stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average price of C$28.50 per share, for a total transaction of C$270,750.00. Also, insider Kevin Parkes sold 2,074 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of C$31.62, for a total transaction of C$65,579.88. Insiders sold 3,450 shares of company stock valued at $109,004 in the last quarter.

Finning International (TSE FTT) traded up C$0.05 during mid-day trading on Monday, hitting C$31.32. 320,278 shares of the stock traded hands, compared to its average volume of 385,976. Finning International has a one year low of C$23.76 and a one year high of C$32.93.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 23rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, November 21st. Finning International’s dividend payout ratio (DPR) is 76.03%.

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About Finning International

Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.

Analyst Recommendations for Finning International (TSE:FTT)

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