Finning International Given Average Rating of “Buy” by Brokerages (TSE:FTT)
Finning International (TSE:FTT) has earned an average recommendation of “Buy” from the ten brokerages that are covering the company, American Banking and Market News reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$33.13.
FTT has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Finning International from C$35.00 to C$37.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Finning International from C$33.50 to C$35.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, 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.
Finning International (TSE:FTT) traded up 1.88% during mid-day trading on Friday, hitting $32.44. The stock had a trading volume of 289,294 shares. Finning International has a one year low of $20.37 and a one year high of $32.55. The stock’s 50-day moving average is $30.84 and its 200-day moving average is $29.64. The company has a market cap of $5.584 billion and a P/E ratio of 16.67.
Finning International (TSE:FTT) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. On average, analysts predict that Finning International will post $2.00 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.1775 per share. This represents a $0.71 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 19th.
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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