Canaccord Genuity Group Issues Pessimistic Forecast for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its price objective reduced by Canaccord Genuity Group from C$53.00 to C$51.00 in a research report released on Thursday,BayStreet.CA reports.

Several other research firms also recently issued reports on FTT. Raymond James dropped their price objective on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday. BMO Capital Markets lifted their price objective on Finning International from C$48.00 to C$50.00 in a report on Thursday, August 8th. Scotiabank set a C$51.00 target price on Finning International and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Royal Bank of Canada lowered their target price on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday. Finally, TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$43.00 to C$45.00 in a research note on Friday, August 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$48.00.

Finning International Stock Up 0.3 %

FTT opened at C$38.34 on Thursday. The business has a 50 day moving average of C$41.30 and a 200-day moving average of C$40.79. The stock has a market capitalization of C$5.35 billion, a price-to-earnings ratio of 10.92, a P/E/G 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 has a 1-year low of C$34.04 and a 1-year high of C$45.17.

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.