Canaccord Genuity Group Cuts Finning International (TSE:FTT) Price Target to C$51.00

Finning International (TSE:FTT) had its price objective reduced by Canaccord Genuity Group from C$53.00 to C$51.00 in a research report released on Thursday,BayStreet.CA reports.

FTT has been the topic of a number of other reports. Royal Bank of Canada decreased their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday. CIBC decreased their target price on Finning International from C$50.00 to C$48.00 in a research report on Thursday. BMO Capital Markets lifted their target price on Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. TD Securities raised Finning International from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$43.00 to C$45.00 in a research report on Friday, August 9th. Finally, Scotiabank set a C$51.00 price objective on Finning International and gave the company an “outperform” rating in a report on Wednesday, August 21st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$48.00.

Finning International Trading Up 0.3 %

Finning International stock opened at C$38.34 on Thursday. 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 business’s 50-day simple moving average is C$41.30 and its 200-day simple moving average is C$40.80. The firm has a market capitalization of C$5.35 billion, a PE ratio of 10.92, a PEG ratio of 0.56 and a beta of 1.55. Finning International has a 52 week low of C$34.04 and a 52 week 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.