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

Finning International (TSE:FTT) had its price target lowered by stock analysts at CIBC from C$50.00 to C$49.00 in a research report issued on Monday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 40.44% from the company’s previous close.

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

Finning International Stock Performance

TSE FTT traded down C$1.40 on Monday, hitting C$34.89. 610,503 shares of the stock traded hands, compared to its average volume of 385,798. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. The business’s fifty day moving average is C$37.88 and its two-hundred day moving average is C$39.45. Finning International has a 12 month low of C$34.28 and a 12 month high of C$45.17. The firm has a market capitalization of C$4.87 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.56 and a beta of 1.55.

Finning International (TSE:FTT) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the company posted $1.07 EPS. As a group, equities analysts anticipate that Finning International will post 4.244898 EPS for the current fiscal year.

About Finning International

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.