Finning International (TSE:FTT) Price Target Lowered to C$49.00 at CIBC

Finning International (TSE:FTT) had its price objective trimmed by CIBC from C$50.00 to C$49.00 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other research firms have also commented on FTT. Canaccord Genuity Group reduced their price target on Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Raymond James reduced their price target on Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. Royal Bank of Canada reduced their price target on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Finally, BMO Capital Markets reduced their price target on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$48.13.

Finning International Price Performance

Shares of FTT opened at C$35.68 on Monday. Finning International has a 12-month low of C$34.28 and a 12-month high of C$45.17. The business has a 50-day simple moving average of C$37.84 and a two-hundred day simple moving average of C$39.42. 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 market cap of C$4.98 billion, a PE ratio of 10.17, a PEG ratio of 0.56 and a beta of 1.55.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, November 12th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.10). Finning International had a return on equity of 20.14% and a net margin of 4.65%. During the same period last year, the firm posted $1.07 earnings per share. Analysts anticipate that Finning International will post 4.244898 earnings per share for the current fiscal year.

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.