Finning International Inc. (TSE:FTT) Given Consensus Recommendation of "Buy" by Analysts

Shares of Finning International Inc. (TSE:FTT - Get Free Report) have received an average recommendation of "Buy" from the seven research firms that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$49.38.

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

Insider Activity

In related news, Senior Officer Kevin Parkes purchased 2,777 shares of Finning International stock in a transaction that occurred on Thursday, August 8th. The shares were acquired 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 owned by corporate insiders.

Finning International Stock Down 0.2 %

Shares of FTT stock traded down C$0.08 during trading on Friday, hitting C$43.86. 467,007 shares of the company were exchanged, compared to its average volume of 355,623. 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 firm has a market capitalization of C$6.12 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 0.56 and a beta of 1.53. The business's 50-day simple moving average is C$39.27 and its 200 day simple moving average is C$40.29. Finning International has a twelve month low of C$33.77 and a twelve month high of C$44.35.

Finning International (TSE:FTT - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.98 by C$0.04. The firm 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, analysts forecast that Finning International will post 4.2590726 EPS for the current fiscal year.

Finning International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 annualized dividend and a dividend yield of 2.51%. Finning International's dividend payout ratio is presently 31.34%.

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.