Finning International (TSE:FTT) Price Target Lowered to C$46.00 at Royal Bank of Canada

Finning International (TSE:FTT) had its target price trimmed by Royal Bank of Canada from C$50.00 to C$46.00 in a report issued on Thursday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. Scotiabank set a C$51.00 price target on shares of Finning International and gave the company an “outperform” rating in a report on Wednesday, August 21st. CIBC increased their target price 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. Finally, TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and increased their price target for the company from C$43.00 to C$45.00 in a report on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$48.00.

Finning International Stock Performance

FTT stock opened at C$38.34 on Thursday. The company 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 current ratio of 1.55 and a quick ratio of 0.59. The stock’s fifty day moving average price is C$41.30 and its 200-day moving average price is C$40.80. Finning International has a 1 year low of C$34.04 and a 1 year high of C$45.17.

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.