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

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

Several other brokerages have also issued reports on FTT. Canaccord Genuity Group lowered their target price on Finning International from C$53.00 to C$51.00 in a research note 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. 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. 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$48.13.

Finning International Stock Performance

Shares of Finning International stock opened at C$35.68 on Monday. The firm has a market capitalization of C$4.98 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The business’s fifty day simple moving average is C$37.84 and its 200 day simple moving average is C$39.42. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. Finning International has a 12 month low of C$34.28 and a 12 month high of C$45.17.

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 the consensus estimate of C$1.03 by C($0.10). Finning International had a net margin of 4.65% and a return on equity of 20.14%. During the same period in the prior year, the business earned $1.07 earnings per share. As a group, analysts anticipate that Finning International will post 4.244898 EPS for the current year.

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.