Scotiabank Cuts Finning International (TSE:FTT) Price Target to C$21.00

Finning International (TSE:FTT) had its price target reduced by Scotiabank from C$22.50 to C$21.00 in a report released on Tuesday, BayStreet.CA reports.

Several other analysts have also weighed in on the company. TD Securities decreased their price target on Finning International from C$29.00 to C$27.00 and set a buy rating on the stock in a research note on Thursday, February 13th. Raymond James raised Finning International from a market perform rating to an outperform rating and set a C$24.00 price target on the stock in a research note on Thursday, February 27th. CIBC decreased their price target on Finning International from C$29.00 to C$27.00 in a research note on Thursday, February 13th. Canaccord Genuity decreased their price target on Finning International from C$24.00 to C$21.00 in a research note on Monday. Finally, BMO Capital Markets decreased their price target on Finning International from C$26.00 to C$24.00 in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$24.78.

Shares of TSE:FTT opened at C$15.16 on Tuesday. Finning International has a 1-year low of C$10.59 and a 1-year high of C$25.85. The firm has a market capitalization of $2.34 billion and a PE ratio of 10.24. The business’s 50 day moving average is C$18.42 and its 200-day moving average is C$22.42. The company has a current ratio of 1.81, a quick ratio of 0.79 and a debt-to-equity ratio of 99.34.

In other Finning International news, Director Vicki Avril acquired 10,000 shares of Finning International stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of C$21.38 per share, with a total value of C$213,828.12. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at C$320,742.18. Also, Senior Officer David Francis Neil Primrose acquired 2,000 shares of Finning International stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of C$21.40 per share, for a total transaction of C$42,800.00. Following the purchase, the insider now owns 29,841 shares of the company’s stock, valued at approximately C$638,597.40.

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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Analyst Recommendations for Finning International (TSE:FTT)

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