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

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

Several other equities research analysts have also recently commented on the stock. Scotiabank set a C$51.00 target price on shares of Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. TD Securities raised Finning International from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. BMO Capital Markets increased their target price on Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. Finally, CIBC lifted their price target on 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. Five equities research 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 Trading Up 0.3 %

FTT opened at C$38.34 on Thursday. Finning International has a one year low of C$34.04 and a one year high of C$45.17. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. The business has a 50 day simple moving average of C$41.30 and a two-hundred day simple moving average of C$40.79. The firm has a market capitalization of C$5.35 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.56 and a beta of 1.55.

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.