Finning International (TSE:FTT) Price Target Cut to C$48.00 by Analysts at CIBC

Finning International (TSE:FTT) had its price target lowered by CIBC from C$50.00 to C$48.00 in a research note released on Thursday,BayStreet.CA reports.

FTT has been the topic of a number of other research reports. BMO Capital Markets increased their price target on shares of Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. Royal Bank of Canada cut their target price on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday. Scotiabank set a C$51.00 target price on shares of Finning International and gave the company an “outperform” rating in a research note on Wednesday, August 21st. TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and raised their target price for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. Finally, Raymond James cut their target price on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Finning International presently has a consensus rating of “Buy” and an average price target of C$48.00.

Finning International Trading Up 1.0 %

TSE:FTT traded up C$0.37 during trading hours on Thursday, reaching C$38.61. 112,787 shares of the company were exchanged, compared to its average volume of 350,490. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. The firm has a market cap of C$5.38 billion, a price-to-earnings ratio of 10.89, a PEG 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. The stock has a 50 day simple moving average of C$41.33 and a 200 day simple moving average of C$40.82.

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.