Canaccord Genuity Group Lowers Finning International (TSE:FTT) Price Target to C$51.00

Finning International (TSE:FTT) had its price target reduced by Canaccord Genuity Group from C$53.00 to C$51.00 in a report released on Thursday morning,BayStreet.CA reports.

Several other brokerages also recently issued reports on FTT. BMO Capital Markets raised their price target on Finning International from C$48.00 to C$50.00 in a report on Thursday, August 8th. 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. TD Securities upgraded shares of Finning International from a “hold” rating to a “buy” rating and upped their price target for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. Royal Bank of Canada cut their price objective on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday. Finally, Raymond James lowered their target price on Finning International from C$52.00 to C$50.00 in a research note on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Finning International currently has a consensus rating of “Buy” and an average price target of C$48.00.

Finning International Trading Up 0.3 %

Shares of TSE:FTT opened at C$38.34 on Thursday. The company has a 50-day simple moving average of C$41.30 and a 200 day simple moving average of C$40.79. The company has a market capitalization of C$5.35 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. Finning International has a 52-week low of C$34.04 and a 52-week high of C$45.17.

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.