Royal Bank of Canada Analysts Give Finning International (TSE:FTT) a C$40.00 Price Target

Royal Bank of Canada set a C$40.00 price objective on Finning International (TSE:FTT) in a research report report published on Monday, February 5th. The brokerage currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. TD Securities upped their price target on Finning International from C$35.00 to C$36.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. National Bank Financial upped their price objective on Finning International from C$33.00 to C$37.50 and gave the stock an outperform rating in a research note on Wednesday, November 8th. CIBC raised Finning International from a neutral rating to an outperform rating and upped their price objective for the stock from C$31.00 to C$38.00 in a research note on Monday, January 15th. BMO Capital Markets set a C$37.00 price target on Finning International and gave the company an outperform rating in a research note on Wednesday, November 8th. Finally, Scotiabank increased their price target on Finning International from C$35.00 to C$36.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of C$38.41.

Finning International (FTT) traded down C$0.08 during mid-day trading on Monday, hitting C$33.12. The stock had a trading volume of 261,072 shares, compared to its average volume of 464,498. The stock has a market capitalization of $5,590.00, a PE ratio of 25.34 and a beta of 1.04. Finning International has a 52-week low of C$23.76 and a 52-week high of C$36.48.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.76 annualized dividend and a yield of 2.29%. Finning International’s payout ratio is currently 56.87%.

In other Finning International news, insider Juan Carlos Villegas sold 70,632 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of C$34.34, for a total transaction of C$2,425,502.88. Insiders have sold a total of 72,008 shares of company stock worth $2,468,927 in the last ninety days.

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About Finning International

Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.

Analyst Recommendations for Finning International (TSE:FTT)

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