Finning International Inc. (TSE:FTT) Senior Officer Purchases C$108,420.00 in Stock

Finning International Inc. (TSE:FTTGet Free Report) Senior Officer Kevin Parkes purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average price of C$36.14 per share, for a total transaction of C$108,420.00.

Finning International Stock Performance

Shares of FTT opened at C$37.49 on Friday. The company has a debt-to-equity ratio of 112.19, a current ratio of 1.41 and a quick ratio of 0.59. Finning International Inc. has a one year low of C$31.83 and a one year high of C$46.30. The firm has a market capitalization of C$5.44 billion, a P/E ratio of 9.79, a PEG ratio of 0.56 and a beta of 1.57. The business has a fifty day moving average of C$38.13 and a 200 day moving average of C$39.43.

Finning International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Wednesday, February 21st. Finning International’s payout ratio is currently 26.11%.

Analyst Upgrades and Downgrades

A number of analysts have commented on FTT shares. TD Securities reduced their target price on Finning International from C$46.00 to C$40.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. Royal Bank of Canada reduced their target price on Finning International from C$50.00 to C$45.00 and set an “outperform” rating for the company in a report on Thursday. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday. National Bankshares raised Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 target price for the company in a report on Thursday. Finally, BMO Capital Markets reduced their target price on Finning International from C$48.00 to C$47.00 in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$47.13.

Read Our Latest Analysis on FTT

About Finning International

(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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