Stephens reaffirmed their equal weight rating on shares of Finning International (TSE:FTT) in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a C$25.00 price target on the stock.
Other analysts have also issued reports about the company. Canaccord Genuity reduced their target price on Finning International from C$29.00 to C$27.00 in a report on Thursday, May 9th. BMO Capital Markets reduced their target price on Finning International from C$27.00 to C$26.00 in a report on Thursday, August 8th. CIBC reduced their target price on Finning International from C$34.00 to C$27.00 in a report on Tuesday, July 16th. TD Securities raised Finning International from a hold rating to a buy rating and increased their target price for the stock from C$28.00 to C$29.00 in a report on Thursday, May 9th. Finally, Raymond James raised Finning International from a market perform rating to an outperform rating and increased their target price for the stock from C$27.00 to C$28.00 in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of C$27.75.
FTT opened at C$22.08 on Thursday. The firm has a market cap of $3.76 billion and a P/E ratio of 18.65. Finning International has a 52-week low of C$21.36 and a 52-week high of C$33.05. The company has a debt-to-equity ratio of 113.16, a quick ratio of 0.59 and a current ratio of 1.63. The business’s fifty day moving average is C$23.20 and its 200-day moving average is C$23.59.
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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