Royal Bank of Canada Cuts Finning International (TSE:FTT) Price Target to C$46.00

Finning International (TSE:FTT) had its target price reduced by Royal Bank of Canada from C$50.00 to C$46.00 in a research report released on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. 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 target price on Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. CIBC lifted their price objective on Finning International from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and upped their price objective for the company from C$43.00 to C$45.00 in a research note 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 an average rating of “Buy” and a consensus target price of C$48.00.

Finning International Stock Performance

Shares of FTT opened at C$38.34 on Thursday. The company has a market capitalization of C$5.35 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.56 and a beta of 1.55. Finning International has a 12 month low of C$34.04 and a 12 month high of C$45.17. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. The stock has a 50 day moving average of C$41.30 and a 200 day moving average of C$40.80.

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.