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

Finning International (TSE:FTT) had its price objective dropped by equities research analysts at Royal Bank of Canada from C$50.00 to C$46.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 19.98% from the company’s previous close.

Other analysts have also issued reports about the stock. BMO Capital Markets upped their price target on shares of Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. CIBC raised their target price on shares of Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Scotiabank set a C$51.00 price target on Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Finally, TD Securities raised Finning International from a “hold” rating to a “buy” rating and raised their price objective for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$48.00.

Finning International Stock Up 0.3 %

FTT stock opened at C$38.34 on Thursday. Finning International has a twelve month low of C$34.04 and a twelve month high of C$45.17. The company has a market cap of C$5.35 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71. The business has a 50 day moving average price of C$41.30 and a two-hundred day moving average price of 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.