BMO Capital Markets Lowers Finning International (TSE:FTT) Price Target to C$46.00

Finning International (TSE:FTT) had its price objective lowered by BMO Capital Markets from C$50.00 to C$46.00 in a research report released on Thursday,BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. Scotiabank set a C$51.00 target price on shares of Finning International and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Canaccord Genuity Group lowered their price objective on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday. Royal Bank of Canada cut their target price on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday. TD Securities upgraded shares of Finning International from a “hold” rating to a “buy” rating and increased their price objective for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. Finally, Raymond James reduced their price objective on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$48.00.

Finning International Stock Performance

TSE:FTT opened at C$38.34 on Thursday. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. The stock’s fifty day moving average is C$41.30 and its 200 day moving average is C$40.79. The firm has a market capitalization of C$5.35 billion, a PE ratio of 10.92, a PEG ratio of 0.56 and a beta of 1.55. Finning International has a fifty-two week low of C$34.04 and a fifty-two week high of C$45.17.

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.