Finning International (TSE:FTT) Given New C$49.00 Price Target at CIBC

Finning International (TSE:FTT) had its price target cut by CIBC from C$50.00 to C$49.00 in a research report report published on Monday,BayStreet.CA reports.

FTT has been the subject of several other reports. Raymond James dropped their target price on Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. BMO Capital Markets dropped their price objective on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Royal Bank of Canada decreased their target price on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group dropped their price target on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Finning International presently has a consensus rating of “Buy” and a consensus target price of C$48.13.

Finning International Stock Up 12.6 %

Shares of TSE FTT opened at C$41.16 on Monday. The stock has a market capitalization of C$5.74 billion, a P/E ratio of 11.73, a PEG ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. Finning International has a one year low of C$34.28 and a one year high of C$45.17. The firm’s 50 day simple moving average is C$37.87 and its two-hundred day simple moving average is C$39.41.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, November 12th. The company reported C$0.93 EPS for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.10). Finning International had a return on equity of 20.14% and a net margin of 4.65%. During the same quarter in the previous year, the firm posted $1.07 earnings per share. As a group, analysts expect that Finning International will post 4.244898 EPS for the current fiscal year.

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.