BMO Capital Markets Issues Pessimistic Forecast for Finning International (TSE:FTT) Stock Price

Finning International (TSE:FTT) had its target price reduced by equities researchers at BMO Capital Markets from C$50.00 to C$46.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 19.98% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity Group reduced their target price on shares of Finning International from C$53.00 to C$51.00 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 report on Friday, August 9th. Royal Bank of Canada lowered their target price on Finning International from C$50.00 to C$46.00 in a report on Thursday. Raymond James cut their price target on Finning International from C$52.00 to C$50.00 in a report on Thursday. Finally, Scotiabank set a C$51.00 price objective on Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$48.00.

Finning International Stock Up 0.3 %

Shares of FTT opened at C$38.34 on Thursday. The stock has a 50 day moving average price of C$41.30 and a 200 day moving average price of C$40.80. Finning International has a one year low of C$34.04 and a one year high of C$45.17. 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 stock has a market capitalization 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.

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.