Finning International (TSE:FTT) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Finning International's share price has crossed above its 200-day moving average of C$51.92, with recent trading high at C$65.71 and last recorded at C$65.40.
• Multiple analysts have adjusted their price targets for Finning International, with BMO Capital Markets raising it to C$66.00 and Raymond James Financial to C$68.00, while analysts generally rate the stock as a "Moderate Buy."
• The company, a dealer of Caterpillar machinery, has a market cap of C$8.67 billion and a price-to-earnings ratio of 14.03, indicating stable financial performance.

Finning International Inc. (TSE:FTT - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$51.92 and traded as high as C$65.71. Finning International shares last traded at C$65.40, with a volume of 291,139 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on FTT shares. BMO Capital Markets upped their price objective on shares of Finning International from C$57.00 to C$66.00 in a research report on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on shares of Finning International from C$61.00 to C$67.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Scotiabank lowered their price objective on Finning International from C$65.00 to C$64.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Finally, Raymond James Financial boosted their price objective on Finning International from C$56.00 to C$68.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$59.44.

Finning International Stock Performance

The stock's fifty day simple moving average is C$59.35 and its 200 day simple moving average is C$51.92. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. The company has a market cap of C$8.67 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.56 and a beta of 1.16.

About Finning International

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.

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