Analysts Set Finning International Inc. (TSE:FTT) Price Target at C$48.83

Finning International Inc. (TSE:FTT) has received an average recommendation of “Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$48.83.

A number of equities analysts recently weighed in on FTT shares. Royal Bank of Canada boosted their price objective on shares of Finning International from C$49.00 to C$50.00 in a report on Thursday, August 8th. BMO Capital Markets upped their price target on Finning International from C$48.00 to C$50.00 in a report on Thursday, August 8th. TD Securities raised Finning International from a “hold” rating to a “buy” rating and increased their price objective for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. Scotiabank set a C$51.00 target price on Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Finally, CIBC raised their price target on shares of Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th.

Finning International Price Performance

The stock has a market cap of C$5.84 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.56 and a beta of 1.55. The stock has a 50-day moving average of C$40.96 and a 200-day moving average of C$40.93. Finning International has a 52-week low of C$33.77 and a 52-week high of C$45.17. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, August 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.98 by C$0.04. The business had revenue of C$2.65 billion during the quarter, compared to analysts’ expectations of C$2.57 billion. Finning International had a net margin of 4.65% and a return on equity of 20.14%. As a group, sell-side analysts anticipate that Finning International will post 4.244898 EPS for the current year.

Finning International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Thursday, August 22nd. Finning International’s dividend payout ratio is 31.34%.

Insiders Place Their Bets

In other Finning International news, Senior Officer Kevin Parkes purchased 2,777 shares of Finning International stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of C$36.39 per share, with a total value of C$101,055.03. Insiders own 0.10% 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.