Finning International (FTT) Price Target Cut to C$35.00

Finning International (TSE:FTT) had its price objective lowered by Raymond James from C$38.50 to C$35.00 in a report released on Wednesday. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada upped their price target on shares of Finning International from C$44.00 to C$45.00 and gave the company an outperform rating in a research report on Thursday, August 9th. BMO Capital Markets cut their price target on shares of Finning International from C$41.00 to C$40.00 in a research report on Thursday, August 9th. Finally, TD Securities upped their price target on shares of Finning International from C$40.00 to C$41.00 in a research report on Thursday, August 9th. Seven equities research analysts have rated the stock with a buy rating, Finning International currently has a consensus rating of Buy and a consensus price target of C$39.25.

TSE FTT traded up C$0.49 on Wednesday, reaching C$27.70. The company had a trading volume of 664,600 shares, compared to its average volume of 413,196. Finning International has a fifty-two week low of C$26.23 and a fifty-two week high of C$36.48. The company has a debt-to-equity ratio of 72.82, a quick ratio of 0.85 and a current ratio of 2.16.

Finning International (TSE:FTT) last issued its quarterly earnings results on Wednesday, August 8th. The company reported C$0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.48. The firm had revenue of C$1.73 billion for the quarter, compared to the consensus estimate of C$1.73 billion. Research analysts predict that Finning International will post 2.14000021392137 EPS for the current year.

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, petroleum, and forestry, as well as various power system applications.

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Analyst Recommendations for Finning International (TSE:FTT)

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