Finning International (TSE:FTT) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Finning International's stock price exceeded its 200-day moving average, reaching a high of C$56.87 during trading, signaling potential bullish momentum.
• Analysts have shown mixed sentiment, with target price changes ranging from C$53.00 to C$68.00, reflecting a consensus rating of "Moderate Buy" with a price target of C$59.44.
• Recent insider selling activity saw senior officers sell a total of 10,654 shares valued at C$570,740, which may impact investor sentiment.

Shares of Finning International Inc. (TSE:FTT - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$48.78 and traded as high as C$56.87. Finning International shares last traded at C$56.73, with a volume of 481,698 shares traded.

Wall Street Analyst Weigh In

FTT has been the topic of a number of recent research reports. National Bankshares upped their target price on shares of Finning International from C$48.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada upped their price target on Finning International from C$61.00 to C$67.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Scotiabank lowered their price target on Finning International from C$65.00 to C$64.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. National Bank Financial downgraded Finning International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, BMO Capital Markets upped their price target on Finning International from C$57.00 to C$66.00 in a report on Tuesday, July 22nd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Finning International currently has an average rating of "Moderate Buy" and an average target price of C$59.44.

Finning International Price Performance

The firm has a market capitalization of C$7.55 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.56 and a beta of 1.23. The company has a fifty day moving average price of C$58.95 and a two-hundred day moving average price of C$49.10. 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 Activity at Finning International

In related news, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of C$50.82, for a total transaction of C$167,655.18. Also, Senior Officer Gregory Palaschuk sold 4,070 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$54.80, for a total value of C$223,036.00. Insiders sold 10,654 shares of company stock valued at $570,740 over the last three months. 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.