Finning International (TSE:FTT) Price Target Cut to C$50.00 by Analysts at Raymond James

Finning International (TSE:FTT) had its target price cut by Raymond James from C$52.00 to C$50.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on the stock. Scotiabank set a C$51.00 price target on shares of Finning International and gave the company an “outperform” rating in a research report on Wednesday, August 21st. BMO Capital Markets boosted their price target on shares of Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and boosted their price target for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. 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 research report on Wednesday, October 16th. Finally, Royal Bank of Canada reduced their target price on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Finning International currently has an average rating of “Buy” and a consensus price target of C$48.00.

Finning International Stock Performance

FTT traded up C$0.37 on Thursday, reaching C$38.61. The company had a trading volume of 112,787 shares, compared to its average volume of 350,490. Finning International has a 1 year low of C$34.04 and a 1 year high of C$45.17. The stock has a market capitalization of C$5.38 billion, a PE ratio of 10.89, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71. The stock has a 50-day moving average price of C$41.33 and a 200-day moving average price of C$40.82.

About Finning International

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.