Finning International Inc. (TSE:FTT) Given Consensus Rating of "Moderate Buy" by Analysts

Jun 27, 2023

Finning International Inc. (TSE:FTT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$45.00.

A number of equities analysts recently weighed in on FTT shares. Scotiabank boosted their price target on shares of Finning International from C$46.00 to C$50.00 in a research report on Monday, June 26th. Raymond James increased their price target on Finning International from C$42.00 to C$43.00 and gave the company an "outperform" rating in a report on Tuesday, May 9th. Finally, Royal Bank of Canada boosted their price objective on Finning International from C$44.00 to C$51.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 25th.

FTT stock opened at C$45.42 on Tuesday. The business's 50-day moving average is C$40.28 and its 200 day moving average is C$37.01. Finning International has a 12-month low of C$23.46 and a 12-month high of C$45.96. The stock has a market cap of C$6.78 billion, a price-to-earnings ratio of 12.79, 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 results on Monday, May 8th. The company reported C$0.89 EPS for the quarter, topping the consensus estimate of C$0.71 by C$0.18. Finning International had a return on equity of 22.70% and a net margin of 5.61%. The firm had revenue of C$2.14 billion during the quarter, compared to analysts' expectations of C$1.92 billion. On average, sell-side analysts anticipate that Finning International will post 3.7401639 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 25th were paid a $0.25 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $1.00 dividend on an annualized basis and a yield of 2.20%. This is an increase from Finning International's previous quarterly dividend of $0.24. Finning International's payout ratio is currently 28.17%.

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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