Finning International Inc. (FTT) Given Consensus Rating of “Buy” by Analysts
Finning International Inc. (TSE:FTT) has earned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$30.25.
A number of analysts have recently weighed in on FTT shares. Scotiabank reiterated an “outperform” rating and set a C$32.00 price target on shares of Finning International in a research report on Saturday, September 23rd. CIBC boosted their price objective on Finning International from C$28.00 to C$29.00 in a research report on Thursday, August 10th. Finally, TD Securities boosted their price objective on Finning International from C$29.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, August 10th.
In related news, insider Cristian Chavez sold 3,000 shares of Finning International stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$27.90, for a total transaction of C$83,700.00. Also, insider David William Cummings acquired 9,500 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average price of C$28.50 per share, for a total transaction of C$270,750.00.
Finning International (TSE:FTT) traded down 0.17% during trading on Wednesday, reaching $28.78. 15,853 shares of the company were exchanged. The firm’s 50 day moving average is $27.85 and its 200 day moving average is $26.13. The stock has a market capitalization of $4.84 billion and a PE ratio of 33.08. Finning International has a 52-week low of $23.54 and a 52-week high of $29.02.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, August 22nd. This is a boost from Finning International’s previous quarterly dividend of $0.14.
About Finning International
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.
Receive News & Ratings for Finning International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.