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

Finning International (TSE:FTT) had its target price lowered by Royal Bank of Canada from C$50.00 to C$46.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 19.98% from the stock’s current price.

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

Finning International Stock Performance

Finning International stock opened at C$38.34 on Thursday. The company has a market cap of C$5.35 billion, a PE ratio of 10.92, a PEG ratio of 0.56 and a beta of 1.55. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. Finning International has a 1 year low of C$34.04 and a 1 year high of C$45.17. The company’s 50-day moving average is C$41.30 and its two-hundred day moving average is C$40.80.

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.