Finning International Receives Average Rating of “Buy” from Analysts (TSE:FTT)
Finning International (TSE:FTT) has earned an average recommendation of “Buy” from the ten brokerages that are currently covering the stock, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$32.69.
Shares of Finning International (TSE:FTT) traded down 0.75% on Wednesday, hitting $29.23. 61,607 shares of the company’s stock traded hands. Finning International has a 52-week low of $20.37 and a 52-week high of $31.77. The stock has a 50-day moving average of $29.46 and a 200-day moving average of $28.02. The company has a market cap of $5.031 billion and a P/E ratio of 15.42.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 12th. Investors 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 2.41%. The ex-dividend date of this dividend is Tuesday, May 27th.
A number of research firms have recently commented on FTT. Analysts at Desjardins raised their price target on shares of Finning International from C$30.00 to C$31.00 in a research note on Thursday, May 15th. They now have a “hold” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Finning International from C$29.00 to C$32.00 in a research note on Thursday, May 15th. They now have a “hold” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Finning International in a research note on Thursday, May 15th. They now have a C$34.50 price target on the stock, up previously from C$32.00.
Finning International Inc provides sales, rental, parts and support services for Caterpillar Inc (TSE:FTT) equipment and engines and equipment on three continents.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.