BMO Capital Downgrades Finning International (FTT) to Hold


Yesterday, an analyst has provided a rating update for the Services sector company, Finning International (FTT). Analyst Devin Dodge from BMO Capital rated Finning International (FTT) a Hold, setting a C$27 price target.

According to TipRanks.com, Dodge is ranked #3976 out of 5194 analysts.

Read also: Kraft Heinz (KHC): There Goes the Buy Rating, Merrill Lynch Downgrades the Stock

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Finning International with a C$30.50 average price target, a 25.4% upside from current levels. In a report released yesterday, Raymond James also downgraded the stock to Hold with a C$26 price target.

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Finning International’s market cap is currently C$4.17B and has a P/E ratio of 17.5. The company has a Price to Book ratio of 1.93.

Finning International, Inc. engages in the sale, service, and renting out heavy equipment, engines, and related products. It operates through the following business segments: Canadian Operations, South American Operations, UK & Ireland Operations, and Other.

The company’s shares closed on Friday at C$24.32, close to its 52-week low of C$22.46.

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