Finning International (TSE:FTT) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Finning International Inc. (TSE:FTT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.03 and traded as high as C$41.01. Finning International shares last traded at C$40.66, with a volume of 225,176 shares traded.

Wall Street Analysts Forecast Growth

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

Finning International Price Performance

The business’s 50 day moving average is C$40.47 and its 200-day moving average is C$40.04. The firm has a market capitalization of C$5.49 billion, a P/E ratio of 11.18, a PEG ratio of 0.56 and a beta of 1.55. 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 Buying and Selling at Finning International

In other news, Senior Officer Cheryl Lynn Gray sold 2,500 shares of Finning International stock in a transaction on Thursday, February 13th. The shares were sold at an average price of C$44.35, for a total transaction of C$110,884.50. Also, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of Finning International stock in a transaction on Thursday, February 6th. The stock was sold at an average price of C$42.10, for a total transaction of C$126,300.00. Insiders have sold 7,969 shares of company stock worth $344,424 over the last quarter. Corporate 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.