Finning International (TSE:FTT) PT Lowered to C$21.00

Finning International (TSE:FTT) had its price target lowered by Canaccord Genuity from C$24.00 to C$21.00 in a research report sent to investors on Monday, BayStreet.CA reports.

FTT has been the subject of a number of other reports. Raymond James upgraded shares of Finning International from a market perform rating to an outperform rating and set a C$24.00 target price for the company in a report on Thursday, February 27th. BMO Capital Markets dropped their target price on shares of Finning International from C$26.00 to C$24.00 in a report on Thursday, February 13th. CIBC dropped their target price on shares of Finning International from C$29.00 to C$27.00 in a report on Thursday, February 13th. TD Securities dropped their target price on shares of Finning International from C$29.00 to C$27.00 and set a buy rating for the company in a report on Thursday, February 13th. Finally, National Bank Financial dropped their target price on shares of Finning International from C$28.00 to C$24.00 and set an outperform rating for the company in a report on Monday, March 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of C$24.78.

Finning International stock opened at C$15.16 on Monday. The company has a current ratio of 1.81, a quick ratio of 0.79 and a debt-to-equity ratio of 99.34. The firm has a 50-day moving average of C$18.42 and a 200-day moving average of C$22.42. The firm has a market cap of $2.34 billion and a P/E ratio of 10.24. Finning International has a 1-year low of C$10.59 and a 1-year high of C$25.85.

In related news, Director Vicki Avril purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of C$21.38 per share, with a total value of C$213,828.12. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at C$320,742.18. Also, Senior Officer David Francis Neil Primrose purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of C$21.40 per share, with a total value of C$42,800.00. Following the completion of the purchase, the insider now owns 29,841 shares of the company’s stock, valued at C$638,597.40.

About Finning International

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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Analyst Recommendations for Finning International (TSE:FTT)

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