BMO Capital Markets Analysts Give Finning International (FTT) a C$39.00 Price Target
BMO Capital Markets set a C$39.00 target price on Finning International (TSE:FTT) in a research note issued to investors on Wednesday morning. The brokerage currently has an outperform rating on the stock.
Several other research analysts also recently commented on the company. TD Securities boosted their target price on 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. National Bank Financial boosted their target price 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 boosted their target price for the stock from C$31.00 to C$38.00 in a research note on Monday, January 15th. Scotiabank boosted their target price on 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. Finally, Raymond James Financial boosted their target price on 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of C$38.41.
Finning International (FTT) opened at C$32.64 on Wednesday. The company has a market capitalization of $5,750.00, a PE ratio of 24.92 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. Stockholders of record on Thursday, February 22nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, February 21st. Finning International’s dividend payout ratio is currently 56.87%.
In other news, insider Juan Carlos Villegas sold 70,632 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of C$34.34, for a total value of C$2,425,502.88. Insiders sold 72,008 shares of company stock valued at $2,468,927 in the last ninety days.
COPYRIGHT VIOLATION NOTICE: This article was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/bmo-capital-markets-analysts-give-finning-international-ftt-a-c39-00-price-target/1856294.html.
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.
Receive News & Ratings for Finning International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International and related companies with MarketBeat.com's FREE daily email newsletter.