Brokerages Set Finning International Inc. (TSE:FTT) Target Price at C$48.25

Finning International Inc. (TSE:FTT) has been assigned a consensus recommendation of “Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$48.25.

A number of brokerages have weighed in on FTT. Canaccord Genuity Group cut their target price on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. BMO Capital Markets cut their price objective on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. 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, November 14th. Royal Bank of Canada dropped their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Finally, CIBC lifted their price target on Finning International from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Thursday.

Finning International Trading Down 0.5 %

Shares of FTT opened at C$38.33 on Friday. Finning International has a fifty-two week low of C$34.28 and a fifty-two week high of C$45.17. The business has a 50-day moving average of C$40.68 and a 200 day moving average of C$40.21. The firm has a market cap of C$5.35 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio 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.