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

Finning International (TSE:FTT) had its target price trimmed by BMO Capital Markets from C$50.00 to C$46.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Several other research firms have also commented on FTT. Canaccord Genuity Group dropped their price objective on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday. TD Securities raised Finning International from a “hold” rating to a “buy” rating and increased their target price for the stock from C$43.00 to C$45.00 in a research note on Friday, August 9th. Scotiabank set a C$51.00 price target on Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. CIBC dropped their price target on shares of Finning International from C$50.00 to C$48.00 in a research note on Thursday. Finally, Raymond James reduced their price objective on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Finning International presently has an average rating of “Buy” and a consensus target price of C$48.00.

Finning International Trading Up 0.3 %

TSE FTT opened at C$38.34 on Thursday. The firm has a market capitalization of C$5.35 billion, a PE ratio of 10.92, a P/E/G ratio of 0.56 and a beta of 1.55. The stock’s 50 day moving average is C$41.30 and its 200 day moving average is C$40.79. Finning International has a twelve month low of C$34.04 and a twelve month high of C$45.17. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71.

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.