Finning International (TSE:FTT) Given New C$53.00 Price Target at Scotiabank

Finning International (TSE:FTT) had its price objective increased by Scotiabank from C$52.00 to C$53.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also weighed in on FTT. BMO Capital Markets dropped their price objective on shares of Finning International from C$48.00 to C$47.00 in a research note on Wednesday, February 7th. Royal Bank of Canada dropped their price objective on shares of Finning International from C$50.00 to C$45.00 and set an outperform rating on the stock in a research note on Thursday, February 8th. TD Securities increased their price objective on shares of Finning International from C$40.00 to C$41.00 and gave the stock a hold rating in a research note on Monday, February 12th. National Bankshares upgraded shares of Finning International from a sector perform rating to an outperform rating and set a C$46.00 price target on the stock in a research note on Thursday, February 8th. Finally, National Bank Financial upgraded shares of Finning International from a sector perform market weight rating to an outperform market weight rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$47.63.

Finning International Stock Performance

Shares of Finning International stock opened at C$42.43 on Tuesday. The firm has a market cap of C$6.11 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. The firm’s 50-day simple moving average is C$37.70 and its 200-day simple moving average is C$37.77. The company has a debt-to-equity ratio of 106.56, a quick ratio of 0.59 and a current ratio of 1.41. Finning International has a 1 year low of C$33.72 and a 1 year high of C$46.30.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, topping the consensus estimate of C$0.94 by C$0.02. The firm had revenue of C$2.40 billion for the quarter, compared to analyst estimates of C$2.54 billion. Finning International had a net margin of 4.97% and a return on equity of 20.88%. Equities analysts forecast that Finning International will post 3.9857007 earnings per share for the current fiscal year.

Finning International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Wednesday, February 21st. Finning International’s dividend payout ratio (DPR) is presently 28.25%.

Insider Activity

In other news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total value of C$360,000.00. In related news, Senior Officer Kevin Parkes acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of C$36.14 per share, for a total transaction of C$108,420.00. Also, Senior Officer David Francis Neil Primrose sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. Insiders own 0.12% of the company’s stock.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.