Finning International (TSE:FTT) Price Target Cut to C$46.00 by Analysts at BMO Capital Markets

Finning International (TSE:FTT) had its price target lowered by stock analysts at BMO Capital Markets from C$50.00 to C$46.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 19.98% from the company’s previous close.

FTT has been the subject of several other research reports. Raymond James dropped their target price on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday. Canaccord Genuity Group cut their price objective on Finning International from C$53.00 to C$51.00 in a report on Thursday. TD Securities upgraded 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 report on Friday, August 9th. Royal Bank of Canada cut their price target on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday. Finally, CIBC reduced their price objective on Finning International from C$50.00 to C$48.00 in a research note on Thursday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Finning International currently has a consensus rating of “Buy” and a consensus price target of C$48.00.

Finning International Price Performance

Shares of FTT opened at C$38.34 on Thursday. The firm has a 50-day simple moving average of C$41.30 and a two-hundred day simple moving average of C$40.80. The stock has a market cap of C$5.35 billion, a PE ratio of 10.92, a P/E/G ratio of 0.56 and a beta of 1.55. Finning International has a 1-year low of C$34.04 and a 1-year high of C$45.17. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59.

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.