Finning International Inc. (TSE:FTT) shares reached a new 52-week low on Thursday . The stock traded as low as C$26.39 and last traded at C$26.46, with a volume of 592524 shares. The stock had previously closed at C$27.29.

Several research firms have recently weighed in on FTT. Raymond James boosted their price objective on shares of Finning International from C$37.50 to C$38.50 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. CIBC reduced their target price on shares of Finning International from C$41.00 to C$38.00 in a report on Wednesday, November 7th. Royal Bank of Canada lifted their target price on shares of Finning International from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. 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. Finally, TD Securities lifted their target price on shares of Finning International from C$40.00 to C$41.00 in a report on Thursday, August 9th. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$39.25.

The company has a current ratio of 2.13, a quick ratio of 0.80 and a debt-to-equity ratio of 72.75.

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

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