Finning International Inc. (FTT) Insider David William Cummings Acquires 9,500 Shares
Finning International Inc. (TSE:FTT) insider David William Cummings bought 9,500 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of C$28.50 per share, with a total value of C$270,750.00.
Finning International Inc. (TSE FTT) traded down 0.07% during trading on Tuesday, hitting $28.83. 258,539 shares of the stock were exchanged. The firm has a market capitalization of $4.85 billion and a PE ratio of 33.14. Finning International Inc. has a 12-month low of $23.54 and a 12-month high of $29.02. The stock has a 50 day moving average price of $27.82 and a 200-day moving average price of $26.10.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.64%. This is a boost from Finning International’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, August 22nd.
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Several research firms recently weighed in on FTT. Scotiabank reissued an “outperform” rating and set a C$32.00 price target on shares of Finning International in a research report on Saturday, September 23rd. CIBC increased their price objective on Finning International from C$28.00 to C$29.00 in a research note on Thursday, August 10th. Finally, TD Securities raised their price objective on Finning International from C$29.00 to C$32.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Finning International presently has a consensus rating of “Buy” and an average target price of C$30.25.
Finning International Company Profile
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.
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