BMO Capital Markets Cuts Finning International (TSE:FTT) Price Target to C$46.00

Finning International (TSE:FTT) had its price target decreased by BMO Capital Markets from C$50.00 to C$46.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

FTT has been the subject of a number of other research reports. Royal Bank of Canada decreased their price objective on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday. Raymond James cut their price objective on shares of Finning International from C$52.00 to C$50.00 in a research report on Thursday. TD Securities raised shares of 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 report on Friday, August 9th. Canaccord Genuity Group dropped their target price on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday. Finally, CIBC dropped their price objective on shares of Finning International from C$50.00 to C$48.00 in a report on Thursday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Finning International currently has an average rating of “Buy” and an average price target of C$48.00.

Finning International Stock Performance

Shares of TSE:FTT opened at C$38.34 on Thursday. Finning International has a 52 week low of C$34.04 and a 52 week high of C$45.17. The stock has a market capitalization of C$5.35 billion, a P/E ratio of 10.92, a PEG ratio of 0.56 and a beta of 1.55. The firm has a fifty day simple moving average of C$41.30 and a two-hundred day simple moving average of C$40.80. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71.

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.