Finning International (TSE:FTT) Price Target Lowered to C$51.00 at Canaccord Genuity Group

Finning International (TSE:FTT) had its target price cut by Canaccord Genuity Group from C$53.00 to C$51.00 in a research note released on Thursday,BayStreet.CA reports.

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

Finning International Price Performance

Finning International stock traded up C$0.23 during midday trading on Thursday, hitting C$38.47. The company’s stock had a trading volume of 145,343 shares, compared to its average volume of 350,636. 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’s 50-day moving average price is C$41.33 and its 200-day moving average price is C$40.82. Finning International has a 12 month low of C$34.04 and a 12 month high of C$45.17. The company has a market capitalization of C$5.37 billion, a PE ratio of 10.89, 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.