Finning International (TSE:FTT) Reaches New 1-Year High at $45.96

Finning International Inc. (TSE:FTT – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as C$45.96 and last traded at C$45.45, with a volume of 46343 shares traded. The stock had previously closed at C$45.63.

Analyst Ratings Changes

FTT has been the topic of several analyst reports. Royal Bank of Canada boosted their price target on shares of Finning International from C$44.00 to C$51.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. Raymond James boosted their price target on shares of Finning International from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a report on Tuesday, May 9th. Finally, Scotiabank boosted their price target on shares of Finning International from C$46.00 to C$50.00 in a report on Monday, June 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$45.00.

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Finning International Price Performance

The business has a fifty day moving average of C$40.61 and a 200-day moving average of C$37.14. The firm has a market cap of C$6.85 billion, a PE ratio of 12.93, a PEG ratio of 0.56 and a beta of 1.67. The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 101.86.

Finning International (TSE:FTT – Get Free Report) last issued its quarterly earnings data on Monday, May 8th. The company reported C$0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.18. The business had revenue of C$2.14 billion for the quarter, compared to analysts’ expectations of C$1.92 billion. Finning International had a return on equity of 22.70% and a net margin of 5.61%. As a group, research analysts predict that Finning International Inc. will post 3.7401639 earnings per share for the current year.

Finning International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 25th were issued a dividend of $0.25 per share. This is a boost from Finning International’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $1.00 dividend on an annualized basis and a yield of 2.18%. Finning International’s dividend payout ratio is 28.17%.

Finning International Company Profile

(Get Free Report)

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, draglines, 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.

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