Finning International (TSE:FTT) Price Target Lowered to C$46.00 at Royal Bank of Canada

Finning International (TSE:FTT) had its target price cut by Royal Bank of Canada from C$50.00 to C$46.00 in a research note released on Thursday,BayStreet.CA reports.

Several other research firms have also commented on FTT. CIBC boosted their price target on shares of Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Scotiabank set a C$51.00 price objective on shares of Finning International and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. TD Securities raised Finning International from a “hold” rating to a “buy” rating and increased their target price for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. Finally, BMO Capital Markets boosted their price target on Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Finning International presently has a consensus rating of “Buy” and a consensus target price of C$48.00.

Finning International Stock Up 1.0 %

Shares of Finning International stock traded up C$0.37 during trading on Thursday, hitting C$38.61. 112,787 shares of the stock traded hands, compared to its average volume of 350,490. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. The stock’s fifty day simple moving average is C$41.33 and its 200 day simple moving average is C$40.82. The firm has a market cap of C$5.38 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. Finning International has a 52-week low of C$34.04 and a 52-week high of C$45.17.

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.