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

Finning International (TSE:FTT) had its price objective decreased by Canaccord Genuity Group from C$53.00 to C$51.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 33.02% from the company’s previous close.

Several other analysts also recently weighed in on the company. Royal Bank of Canada decreased their price objective on Finning International from C$50.00 to C$46.00 in a report on Thursday. Raymond James lowered their price target on shares of Finning International from C$52.00 to C$50.00 in a research report on Thursday. CIBC cut their price objective on shares of Finning International from C$50.00 to C$48.00 in a report on Thursday. BMO Capital Markets boosted their price objective on shares of Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. Finally, TD Securities raised Finning International from a “hold” rating to a “buy” rating and increased their target price for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$48.00.

Finning International Stock Up 0.3 %

Shares of TSE:FTT opened at C$38.34 on Thursday. 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 business’s 50 day moving average is C$41.30 and its 200 day moving average is C$40.80. The stock has a market cap of C$5.35 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. Finning International has a 52-week low of C$34.04 and a 52-week high of C$45.17.

Finning International Company Profile

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.