Finning International (TSE:FTT) Price Target Lowered to C$46.00 at Royal Bank of Canada

Finning International (TSE:FTT) had its target price reduced by research analysts at Royal Bank of Canada from C$50.00 to C$46.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 19.79% from the company’s current price.

Other research analysts have also recently issued reports about the stock. 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 raised Finning International from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$43.00 to C$45.00 in a report on Friday, August 9th. CIBC increased their target price on Finning International from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets boosted their price target on Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$48.00.

Finning International Stock Performance

Shares of Finning International stock traded up C$0.48 during trading on Thursday, reaching C$38.40. The company’s stock had a trading volume of 384,643 shares, compared to its average volume of 350,135. 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’s 50-day moving average price is C$41.37 and its 200-day moving average price is C$40.84. Finning International has a 52 week low of C$34.04 and a 52 week high of C$45.17. The firm has a market cap of C$5.36 billion, a PE ratio of 10.94, a P/E/G 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.