Finning International Inc. (FTT) Given Average Recommendation of “Buy” by Analysts

Shares of Finning International Inc. (TSE:FTT) have been assigned a consensus rating of “Buy” from the eight analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$34.72.

A number of brokerages recently issued reports on FTT. BMO Capital Markets set a C$37.00 price target on shares of Finning International and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. TD Securities upped their price target on shares of Finning International from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Scotiabank upped their price target on shares of Finning International from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Raymond James Financial, Inc. upped their price target on shares of Finning International from C$32.00 to C$36.25 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Finally, National Bank Financial upped their price target on shares of 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.

In other Finning International news, insider Kevin Parkes sold 2,074 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of C$31.62, for a total transaction of C$65,579.88. Also, insider David William Cummings bought 9,500 shares of the stock in a transaction on Friday, September 29th. The shares were bought at an average price of C$28.50 per share, for a total transaction of C$270,750.00.

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Shares of Finning International (TSE FTT) traded up C$0.09 during mid-day trading on Thursday, hitting C$31.04. 275,984 shares of the stock were exchanged, compared to its average volume of 384,338. Finning International has a 1 year low of C$23.76 and a 1 year high of C$32.93.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 23rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.45%. The ex-dividend date is Tuesday, November 21st. Finning International’s dividend payout ratio is currently 76.03%.

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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