Finning International (TSE:FTT) Price Target Cut to C$48.00 by Analysts at CIBC

Finning International (TSE:FTT) had its target price cut by CIBC from C$50.00 to C$48.00 in a research note released on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Scotiabank set a C$51.00 price objective on Finning International and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. BMO Capital Markets boosted their target price on Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. Royal Bank of Canada dropped their price objective on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday. Raymond James lowered their price target on Finning International from C$52.00 to C$50.00 in a research report on Thursday. Finally, TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Finning International presently has a consensus rating of “Buy” and a consensus target price of C$48.00.

Finning International Stock Performance

Shares of FTT opened at C$38.34 on Thursday. Finning International has a 12 month low of C$34.04 and a 12 month high of C$45.17. The business’s fifty day simple moving average is C$41.30 and its two-hundred day simple moving average is C$40.79. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. 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.

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.