Finning International (TSE:FTT) Given New C$50.00 Price Target at Raymond James

Finning International (TSE:FTT) had its price objective decreased by Raymond James from C$52.00 to C$50.00 in a research report released on Thursday morning,BayStreet.CA reports.

Several other brokerages have also weighed in on FTT. BMO Capital Markets increased their target price on Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. TD Securities raised Finning International from a “hold” rating to a “buy” rating and increased their target price for the stock from C$43.00 to C$45.00 in a research report on Friday, August 9th. Royal Bank of Canada cut their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday. Scotiabank set a C$51.00 price objective on Finning International and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, CIBC raised their price objective on Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$48.00.

Finning International Price Performance

FTT stock opened at C$38.34 on Thursday. Finning International has a 52-week low of C$34.04 and a 52-week high of C$45.17. The stock’s fifty day simple moving average is C$41.30 and its 200-day simple moving average is C$40.80. 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 stock has a market capitalization of C$5.35 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55.

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.