Shares of Finning International Inc. (TSE:FTT) have been assigned an average rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$38.41.
A number of brokerages have issued reports on FTT. National Bank Financial boosted their price objective on shares of Finning International from C$37.50 to C$39.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. BMO Capital Markets set a C$39.00 price objective on shares of Finning International and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Raymond James Financial downgraded shares of Finning International from an “outperform” rating to a “market perform” rating and set a C$36.25 price objective on the stock. in a research report on Wednesday, February 7th. TD Securities boosted their price objective on shares of Finning International from C$36.00 to C$39.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, CIBC boosted their price objective on shares of Finning International from C$38.00 to C$40.00 in a research report on Wednesday, February 7th.
Shares of Finning International (FTT) traded up C$0.46 during trading on Friday, reaching C$32.66. 459,788 shares of the company’s stock were exchanged, compared to its average volume of 470,456. The stock has a market cap of $5,550.00, a P/E ratio of 24.58 and a beta of 0.98. Finning International has a fifty-two week low of C$23.76 and a fifty-two week high of C$36.48.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, February 21st. Finning International’s dividend payout ratio (DPR) is presently 56.87%.
In other news, insider Juan Carlos Villegas sold 70,632 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of C$34.34, for a total transaction of C$2,425,502.88. In the last 90 days, insiders have sold 71,926 shares of company stock worth $2,466,379.
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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.
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