Finning International (TSE:FTT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Finning International Inc. (TSE:FTT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$40.06 and traded as high as C$41.34. Finning International shares last traded at C$41.27, with a volume of 382,151 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on FTT. BMO Capital Markets upped their target price on Finning International from C$45.00 to C$50.00 in a research report on Friday, February 7th. CIBC lowered their price objective on shares of Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. TD Securities boosted their target price on shares of Finning International from C$47.00 to C$50.00 in a research report on Monday, February 24th. Finally, Canaccord Genuity Group raised their price target on shares of Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Finning International currently has an average rating of “Buy” and an average target price of C$49.89.

Finning International Trading Down 2.7 %

The firm has a market cap of C$5.51 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The business’s 50 day moving average is C$40.82 and its 200-day moving average is C$40.06. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14.

Insider Transactions at Finning International

In related news, Senior Officer Juan Pablo Amar sold 1,899 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of C$43.18, for a total transaction of C$82,004.33. Also, Senior Officer Cheryl Lynn Gray sold 2,500 shares of Finning International stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$44.35, for a total transaction of C$110,884.50. In the last 90 days, insiders sold 7,969 shares of company stock valued at $344,424. Insiders own 0.10% of the company’s stock.

Finning International Company Profile

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.