Finning International Receives Average Recommendation of “Buy” from Brokerages (TSE:FTT)
Finning International (TSE:FTT) has been given an average rating of “Buy” by the ten analysts that are presently covering the stock, AmericanBankingNews.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$33.72.
Shares of Finning International (TSE:FTT) opened at 33.70 on Friday. Finning International has a 52-week low of $20.37 and a 52-week high of $34.05. The stock has a 50-day moving average of $31.12 and a 200-day moving average of $29.74. The company has a market cap of $5.801 billion and a price-to-earnings ratio of 17.36.
Finning International (TSE:FTT) last released its earnings data on Friday, August 8th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.04. Analysts expect that Finning International will post $2.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Investors 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 2.14%. The ex-dividend date of this dividend is Tuesday, August 19th.
A number of research firms have recently commented on FTT. Analysts at Desjardins raised their price target on shares of Finning International from C$31.00 to C$33.00 in a research note on Friday. 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$32.00 to C$33.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Finning International from C$34.00 to C$35.50 in a research note on Friday. They now have an “outperform” rating on the stock.
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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