Finning International (TSE:FTT) Price Target Lowered to C$46.00 at BMO Capital Markets

Finning International (TSE:FTT) had its price objective cut by BMO Capital Markets from C$50.00 to C$46.00 in a report published on Thursday morning,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the stock. CIBC cut their target price on shares of Finning International from C$50.00 to C$48.00 in a research note on Thursday. Scotiabank set a C$51.00 target price on shares of Finning International and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Canaccord Genuity Group cut their target price on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday. TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and increased their price objective for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada dropped their price objective on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$48.00.

Finning International Stock Up 0.6 %

FTT traded up C$0.23 during trading hours on Thursday, hitting C$38.47. 145,343 shares of the company’s stock were exchanged, compared to its average volume of 350,636. Finning International has a 12-month low of C$34.04 and a 12-month high of C$45.17. The firm has a 50 day moving average of C$41.33 and a 200 day moving average of C$40.82. The firm has a market cap of C$5.37 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71.

Finning International Company Profile

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, drills, 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, as well as mobile and stationary generator sets.