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

Finning International Inc. (TSE:FTT) shares crossed 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 trading hands.

Wall Street Analysts Forecast Growth

FTT has been the topic of several research reports. CIBC reduced their price objective on Finning International from C$50.00 to C$49.00 in a report on Monday, February 3rd. TD Securities raised their price target on Finning International from C$47.00 to C$50.00 in a research note on Monday, February 24th. Canaccord Genuity Group upped their price objective on shares of Finning International from C$51.00 to C$55.00 in a research note on Friday, February 7th. Finally, BMO Capital Markets increased their target price on shares of Finning International from C$45.00 to C$50.00 in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Finning International has an average rating of “Buy” and an average price target of C$49.89.

Finning International Stock Up 1.2 %

The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The business’s fifty day moving average price is C$40.77 and its two-hundred day moving average price is C$40.06. The stock has a market capitalization of C$5.67 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55.

Insider Buying and Selling at Finning International

In other Finning International news, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of C$42.10, for a total value of C$126,300.00. Also, Senior Officer Juan Pablo Amar sold 1,899 shares of Finning International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of C$43.18, for a total transaction of C$82,004.33. In the last ninety days, insiders sold 7,969 shares of company stock worth $344,424. Company insiders own 0.10% of the company’s stock.

About Finning International

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.