Finning International Receives Outperform Rating from Raymond James (FTT)
Finning International (TSE:FTT)‘s stock had its “outperform” rating reiterated by equities research analysts at Raymond James in a research note issued to investors on Thursday, Analyst RN reports. They currently have a C$34.50 target price on the stock, up from their previous target price of C$32.00. Raymond James’ price target would suggest a potential upside of 12.71% from the company’s current price.
A number of other firms have also recently commented on FTT. Analysts at Desjardins cut their price target on shares of Finning International from C$31.00 to C$30.00 in a research note on Monday, April 14th. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Finning International from a “market perform” rating to an “underperform” rating in a research note on Friday, April 11th. They now have a C$27.00 price target on the stock, down previously from C$33.00. Finally, analysts at Canaccord Genuity raised their price target on shares of Finning International from C$31.00 to C$33.50 in a research note on Thursday, March 20th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Finning International has an average rating of “Buy” and an average target price of C$32.69.
Finning International (TSE:FTT) traded down 1.44% on Thursday, hitting $30.17. The stock had a trading volume of 503,595 shares. Finning International has a 52 week low of $20.37 and a 52 week high of $31.77. The stock’s 50-day moving average is $29.74 and its 200-day moving average is $27.63. The company has a market cap of $5.191 billion and a P/E ratio of 15.70.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 12th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.1775 per share. This represents a $0.71 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, May 27th.
Finning International Inc provides sales, rental, parts and support services for Caterpillar Inc (TSE:FTT) equipment and engines and equipment on three continents.
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