Finning International (TSE:FTT) Price Target Cut to C$24.00 by Analysts at Canaccord Genuity
Finning International (TSE:FTT) had its price objective cut by Canaccord Genuity from C$28.00 to C$24.00 in a research report sent to investors on Thursday, BayStreet.CA reports.
Other equities analysts have also recently issued reports about the company. Raymond James reiterated a market perform rating and issued a C$24.00 price objective on shares of Finning International in a report on Thursday. CIBC cut their price objective on Finning International from C$29.00 to C$27.00 in a report on Thursday. National Bank Financial cut their price objective on Finning International from C$29.00 to C$28.00 and set an outperform rating for the company in a report on Thursday. Finally, Royal Bank of Canada cut their price objective on Finning International from C$32.00 to C$30.00 and set an outperform rating for the company in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Finning International has a consensus rating of Buy and an average price target of C$26.13.
Finning International stock traded down C$0.05 during midday trading on Thursday, hitting C$21.37. 510,250 shares of the company’s stock were exchanged, compared to its average volume of 256,685. The stock has a 50-day moving average price of C$24.32 and a two-hundred day moving average price of C$23.48. Finning International has a 52-week low of C$21.17 and a 52-week high of C$26.49. The company has a debt-to-equity ratio of 108.85, a quick ratio of 0.64 and a current ratio of 1.70. The company has a market cap of $3.47 billion and a P/E ratio of 14.24.
Finning International Company Profile
Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, agriculture, governmental, paving, and forestry, as well as various power system applications.
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