Finning International (TSE:FTT) Sets New 1-Year High at $44.36

Finning International Inc. (TSE:FTT - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as C$44.36 and last traded at C$44.22, with a volume of 44522 shares traded. The stock had previously closed at C$43.86.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Securities raised Finning International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from C$43.00 to C$45.00 in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on Finning International from C$49.00 to C$50.00 in a research note on Thursday, August 8th. BMO Capital Markets increased their price objective on shares of Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. Finally, Scotiabank set a C$51.00 price target on shares of Finning International and gave the stock an "outperform" rating in a research report on Wednesday, August 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$49.38.

Finning International Stock Performance

The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. The business's fifty day moving average price is C$39.27 and its two-hundred day moving average price is C$40.29. The stock has a market capitalization of C$6.19 billion, a P/E ratio of 12.55, a P/E/G ratio of 0.56 and a beta of 1.53.

Finning International (TSE:FTT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.98 by C$0.04. Finning International had a return on equity of 20.14% and a net margin of 4.65%. The company had revenue of C$2.65 billion during the quarter, compared to the consensus estimate of C$2.57 billion. As a group, sell-side analysts forecast that Finning International Inc. will post 4.2590726 earnings per share for the current year.

Finning International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a $0.275 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.10 dividend on an annualized basis and a yield of 2.48%. Finning International's payout ratio is 31.34%.

Insider Buying and Selling

In other news, Senior Officer Kevin Parkes purchased 2,777 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of C$36.39 per share, for a total transaction of C$101,055.03. 0.10% of the stock is currently owned by insiders.

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.