Finning International (TSE:FTT) Sets New 12-Month Low at $21.30

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Shares of Finning International Inc. (TSE:FTT) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$21.30 and last traded at C$21.34, with a volume of 389828 shares trading hands. The stock had previously closed at C$22.13.

Several analysts have recently commented on FTT shares. TD Securities upgraded shares of Finning International from a “hold” rating to a “buy” rating and raised their price objective for the company from C$28.00 to C$29.00 in a research report on Thursday, May 9th. CIBC decreased their price objective on shares of Finning International from C$34.00 to C$27.00 in a research report on Tuesday, July 16th. Raymond James upgraded shares of Finning International from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$27.00 to C$28.00 in a research report on Thursday, August 8th. BMO Capital Markets decreased their price objective on shares of Finning International from C$27.00 to C$26.00 in a research report on Thursday, August 8th. Finally, Canaccord Genuity cut their target price on shares of Finning International from C$29.00 to C$27.00 in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Finning International presently has an average rating of “Buy” and a consensus price target of C$27.75.

The company has a market capitalization of $3.56 billion and a PE ratio of 18.47. The company’s 50 day moving average is C$23.00 and its two-hundred day moving average is C$23.54. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 113.16.

Finning International Company Profile (TSE:FTT)

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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