Finning International (TSE:FTT) Price Target Cut to C$26.00 by Analysts at BMO Capital Markets

Finning International (TSE:FTT) had its price objective trimmed by BMO Capital Markets from C$27.00 to C$26.00 in a report issued on Thursday morning, BayStreet.CA reports.

FTT has been the subject of a number of other reports. TD Securities raised Finning International from a hold rating to a buy rating and increased their price target for the company from C$28.00 to C$29.00 in a research note on Thursday, May 9th. Raymond James upgraded Finning International from a market perform rating to an outperform rating and upped their price objective for the company from C$27.00 to C$28.00 in a research report on Thursday. CIBC decreased their price objective on Finning International from C$34.00 to C$27.00 in a research report on Tuesday, July 16th. Finally, Canaccord Genuity decreased their price objective on Finning International from C$29.00 to C$27.00 in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of C$28.14.

FTT traded down C$0.27 during midday trading on Thursday, reaching C$23.62. The company had a trading volume of 184,950 shares, compared to its average volume of 525,917. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 109.98. The company’s 50-day moving average price is C$23.22. The firm has a market capitalization of $3.91 billion and a P/E ratio of 20.99. Finning International has a 1 year low of C$21.36 and a 1 year high of C$33.05.

Finning International (TSE:FTT) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.30 EPS for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.03). The business had revenue of C$1.72 billion during the quarter, compared to analyst estimates of C$1.67 billion. Research analysts forecast that Finning International will post 2.0399998 EPS for the current fiscal year.

In other news, Senior Officer Cornelis Mauritius H.J. Breukels sold 3,484 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$22.67, for a total value of C$78,982.28. Following the sale, the insider now directly owns 9,905 shares in the company, valued at C$224,546.35.

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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