Finning International (TSE:FTT) Upgrade to TD Securities

TD Securities updated shares of Finning International (TSE:FTT – Free Report) from a hold rating to a buy rating in a report published on Friday morning, BayStreet.CA reports. TD Securities currently has a $45.00 price objective on the stock, up from their previous price objective of $43.00.

Other analysts have also issued research reports on the company. CIBC boosted their price objective on Finning International from $45.00 to $49.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. National Bankshares boosted their price objective on Finning International from $46.00 to $47.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Scotiabank boosted their price objective on Finning International from $53.00 to $54.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. BMO Capital Markets boosted their price objective on Finning International from $48.00 to $50.00 in a research note on Thursday. Finally, Royal Bank of Canada boosted their price objective on Finning International from $49.00 to $50.00 in a research note on Thursday. Seven research analysts have rated the stock with a buy rating. The stock currently has a consensus rating of Buy and a consensus price target of $49.75, according to MarketBeat.

Read our latest report on Finning International

Finning International stock performance

TSE:FTT opened at $38.71 on Friday. The firm has a market cap of $5.40 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62. Finning International has a fifty-two week low of $33.77 and a fifty-two week high of $44.86. The company has a debt-to-equity ratio of 110.73, a quick ratio of 0.59, and a current ratio of 1.55. The company has a 50-day moving average price of $39.56 and a 200-day moving average price of $39.62.

Finning International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be given a $0.275 dividend. This represents a dividend of $1.10 on an annualized basis and a yield of 2.84%. The ex-dividend date is Thursday, August 22. Finning International’s payout ratio is 31.34%.

Insider buying and selling

In other news, Director Harold N. Kvisle acquired 5,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $43.60 per share, with a total value of $218,000.00. In other news, Director Harold N. Kvisle acquired 5,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $43.60 per share, with a total value of $218,000.00. Also, COO Sebastian Tomas Guridi sold 700 shares of the firm’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of $44.01, for a total value of $30,803.50. In the last quarter, insiders purchased 25,877 shares of company stock valued at $1,072,195 and sold 1,800 shares valued at $78,010. 0.10% of shares are currently owned by insiders.

About Finning International

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Finning International Inc sells, services and rents heavy equipment, engines and related products in Canada, Chile, Bolivia, United Kingdom, Argentina, Ireland and internationally. The company offers articulated trucks, asphalt pavers, bulldozers, cold planers, compactors, bulldozers, drills, power rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-road trucks, pipe fitters, road reclaimers, skid steers and compact track loaders, track loaders, underground hard rock, wheel loaders and wheel scrapers, as well as mobile and stationary generator sets.

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