Finning International (TSE:FTT) Price Target Raised to C$50.00 at BMO Capital Markets

Finning International (TSE:FTT) had its target price increased by BMO Capital Markets from C$48.00 to C$50.00 in a research report released on Thursday morning, BayStreet.CA reports.

Several other analysts have also recently commented on the stock. CIBC increased their price target on shares of Finning International from C$45.00 to C$49.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Scotiabank increased their price target on shares of Finning International from C$53.00 to C$54.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Royal Bank of Canada increased their price target on shares of Finning International from C$49.00 to C$50.00 in a research note on Thursday. National Bankshares raised their price objective on shares of Finning International from C$46.00 to C$47.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Finally, TD Securities raised their price objective on shares of Finning International from C$41.00 to C$43.00 and gave the company a hold rating in a research note on Wednesday, May 8th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of C$49.75.

Finning International Price Performance

FTT opened at C$38.71 on Thursday. Finning International has a one year low of C$33.77 and a one year high of C$44.86. The company has a debt-to-equity ratio of 110.73, a current ratio of 1.55 and a quick ratio of 0.59. The company’s 50 day simple moving average is C$39.56 and its 200-day simple moving average is C$39.62. The stock has a market capitalization of C$5.40 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62.

Finning International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be issued a $0.275 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.10 annualized dividend and a yield of 2.84%. Finning International’s dividend payout ratio (DPR) is presently 31.34%.

Insiders Place Their Bets

In other news, Senior Officer Kevin Parkes bought 2,777 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of C$36.39 per share, for a total transaction of C$101,055.03. In other news, Senior Officer Kevin Parkes bought 2,777 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of C$36.39 per share, for a total transaction of C$101,055.03. Also, Director Harold N. Kvisle bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of C$43.60 per share, for a total transaction of C$218,000.00. Over the last three months, insiders have bought 25,877 shares of company stock worth $1,072,195 and have sold 1,800 shares worth $78,010. Company insiders own 0.10% of the company’s stock.

About Finning International

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.