Finning International (TSE:FTT)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Stephens in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have a C$25.00 price target on the stock. Stephens’ price target indicates a potential upside of 12.71% from the company’s current price.
A number of other research firms also recently issued reports on FTT. CIBC dropped their target price on shares of Finning International from C$34.00 to C$27.00 in a research report on Tuesday, July 16th. TD Securities upgraded shares of Finning International from a “hold” rating to a “buy” rating and boosted their price target for the company from C$28.00 to C$29.00 in a research note on Thursday, May 9th. Raymond James upgraded shares of Finning International from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$27.00 to C$28.00 in a research note on Thursday, August 8th. BMO Capital Markets decreased their price target on shares of Finning International from C$27.00 to C$26.00 in a research note on Thursday, August 8th. Finally, Canaccord Genuity reduced their target price on shares of Finning International from C$29.00 to C$27.00 in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$27.75.
Finning International stock opened at C$22.18 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 113.16. Finning International has a 12-month low of C$21.36 and a 12-month high of C$33.05. The firm’s fifty day moving average is C$23.23 and its 200 day moving average is C$23.60. The company has a market capitalization of $3.76 billion and a PE ratio of 18.73.
Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, agriculture, governmental, paving, and forestry, as well as various power system applications.
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