Finning International (TSE:FTT) Price Target Raised to C$50.00

Finning International (TSE:FTT) had its price objective boosted by CIBC from C$48.00 to C$50.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on the stock. Raymond James dropped their target price on shares of Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. Scotiabank set a C$51.00 price objective on Finning International and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Royal Bank of Canada cut their price objective on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. BMO Capital Markets decreased their price target on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group lowered their target price on Finning International from C$53.00 to C$51.00 in a report on Thursday, November 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$48.25.

Finning International Trading Down 0.5 %

Shares of FTT opened at C$38.33 on Thursday. Finning International has a fifty-two week low of C$34.28 and a fifty-two week high of C$45.17. The stock has a fifty day moving average of C$40.68 and a two-hundred day moving average of C$40.21. 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 company has a market capitalization of C$5.35 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55.

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.