Canaccord Genuity Group Has Lowered Expectations for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its target price cut by Canaccord Genuity Group from C$53.00 to C$51.00 in a research report issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 33.02% from the company’s previous close.

Several other research firms have also recently weighed in on FTT. CIBC reduced their price objective on Finning International from C$50.00 to C$48.00 in a research note on Thursday. Raymond James reduced their price target on shares of Finning International from C$52.00 to C$50.00 in a research report on Thursday. TD Securities upgraded shares of Finning International from a “hold” rating to a “buy” rating and increased their price objective for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. Scotiabank set a C$51.00 target price on shares of Finning International and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Finally, Royal Bank of Canada decreased their target price on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$48.00.

Finning International Trading Up 0.3 %

Shares of Finning International 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 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 200-day moving average price of C$40.80. The firm has a market cap of C$5.35 billion, a price-to-earnings ratio of 10.92, a PEG 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.