Finning International (TSE:FTT) Price Target Lowered to C$50.00 at Raymond James

Finning International (TSE:FTT) had its price target decreased by stock analysts at Raymond James from C$52.00 to C$50.00 in a research report issued on Thursday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 30.21% from the company’s previous close.

A number of other research firms have also recently weighed in on FTT. TD Securities raised shares of 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 report on Friday, August 9th. Royal Bank of Canada cut their price target on Finning International from C$50.00 to C$46.00 in a report on Thursday. BMO Capital Markets increased their price objective on Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. Scotiabank set a C$51.00 price objective on shares of Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Finally, CIBC raised their price objective on shares of Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$48.00.

Finning International Stock Up 1.3 %

Shares of FTT stock traded up C$0.48 during mid-day trading on Thursday, hitting C$38.40. The stock had a trading volume of 384,643 shares, compared to its average volume of 350,135. The firm’s 50-day moving average is C$41.37 and its two-hundred day moving average is C$40.84. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. Finning International has a 12-month low of C$34.04 and a 12-month high of C$45.17. The firm has a market capitalization of C$5.36 billion, a P/E ratio of 10.94, a price-to-earnings-growth 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.