Finning International Inc. (FTT) Receives Consensus Recommendation of “Buy” from Analysts
Finning International Inc. (TSE:FTT) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$30.25.
A number of brokerages have recently commented on FTT. Scotiabank upped their price target on Finning International from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. CIBC upped their price target on Finning International from C$28.00 to C$29.00 in a research note on Thursday, August 10th. TD Securities upped their price target on Finning International from C$29.00 to C$32.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$30.00 price target on shares of Finning International in a research note on Thursday, May 25th. Finally, National Bank Financial upped their price target on Finning International from C$23.00 to C$31.50 and gave the company an “outperform” rating in a research note on Monday, May 15th.
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In other Finning International news, insider Cristian Chavez sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of C$27.90, for a total transaction of C$83,700.00.
Shares of Finning International (FTT) traded down 0.61% during trading on Friday, hitting $27.75. 255,866 shares of the stock traded hands. The company has a 50 day moving average of $26.79 and a 200-day moving average of $25.77. Finning International has a 1-year low of $22.75 and a 1-year high of $29.02. The company has a market cap of $4.66 billion and a PE ratio of 31.90.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.76 dividend on an annualized basis and a yield of 2.74%. This is an increase from Finning International’s previous quarterly dividend of $0.14.
Finning International Company Profile
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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