Raymond James Cuts Finning International (TSE:FTT) Price Target to C$50.00

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

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

Finning International Stock Performance

Shares of FTT stock opened at C$38.34 on Thursday. The company has a market capitalization of C$5.35 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.56 and a beta of 1.55. The business’s 50 day moving average is C$41.30 and its two-hundred day moving average is C$40.80. 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 12-month low of C$34.04 and a 12-month high of C$45.17.

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.