Kevin Parkes Sells 2,074 Shares of Finning International Inc. (FTT) Stock

Finning International Inc. (TSE:FTT) insider Kevin Parkes sold 2,074 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of C$31.62, for a total value of C$65,579.88.

Finning International Inc. (TSE:FTT) opened at C$31.18 on Friday. Finning International Inc. has a 12 month low of C$23.76 and a 12 month high of C$32.93.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 23rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.44%. Finning International’s payout ratio is 76.03%.

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Several equities research analysts recently weighed in on FTT shares. CIBC boosted their target price on Finning International from C$29.00 to C$31.00 in a report on Tuesday, October 24th. Canaccord Genuity upped their price target on Finning International from C$33.00 to C$36.00 in a report on Wednesday, October 18th. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and set a C$29.00 price target for the company in a report on Thursday, August 3rd. Scotiabank reiterated an “outperform” rating and set a C$32.00 price target on shares of Finning International in a report on Saturday, September 23rd. Finally, Raymond James Financial, Inc. upped their price target on Finning International from C$32.00 to C$36.25 and gave the stock an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$34.72.

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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