Raymond James Issues Pessimistic Forecast for Finning International (TSE:FTT) Stock Price

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

Other equities analysts have also issued research reports about the company. BMO Capital Markets increased their target price on Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. CIBC lifted their price objective on shares of Finning International from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Scotiabank set a C$51.00 target price on Finning International and gave the company an “outperform” rating in a report on Wednesday, August 21st. TD Securities raised Finning International from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$43.00 to C$45.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada lowered their price objective on Finning International from C$50.00 to C$46.00 in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$48.00.

Finning International Price Performance

FTT stock opened at C$38.34 on Thursday. The stock has a market cap of C$5.35 billion, a price-to-earnings ratio of 10.92, 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. The business has a fifty day moving average of C$41.30 and a two-hundred day moving average of C$40.79. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71.

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.