Raymond James Lowers Finning International (FTT) Price Target to C$35.00

Finning International (TSE:FTT) had its price target lowered by Raymond James from C$38.50 to C$35.00 in a research report released on Wednesday. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on FTT. TD Securities increased their price objective on shares of Finning International from C$40.00 to C$41.00 in a research report on Thursday, August 9th. Royal Bank of Canada upped their target price on shares of Finning International from C$44.00 to C$45.00 and gave the company an outperform rating in a report on Thursday, August 9th. Finally, BMO Capital Markets reduced their target price on shares of Finning International from C$41.00 to C$40.00 in a report on Thursday, August 9th. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average target price of C$39.25.

Shares of Finning International stock opened at C$27.70 on Wednesday. Finning International has a twelve month low of C$26.23 and a twelve month high of C$36.48. The company has a quick ratio of 0.85, a current ratio of 2.16 and a debt-to-equity ratio of 72.82.

Finning International (TSE:FTT) last issued its quarterly earnings data on Wednesday, August 8th. The company reported C$0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of C$0.48. The company had revenue of C$1.73 billion for the quarter, compared to the consensus estimate of C$1.73 billion. On average, analysts expect that Finning International will post 2.14000021392137 earnings per share for the current year.

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, petroleum, and forestry, as well as various power system applications.

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Analyst Recommendations for Finning International (TSE:FTT)

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