Finning International (TSE:FTT) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Finning International Inc. (TSE:FTT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$42.70 and traded as high as C$58.34. Finning International shares last traded at C$58.22, with a volume of 463,649 shares trading hands.

Analyst Ratings Changes

A number of research analysts have issued reports on FTT shares. TD Securities lifted their price objective on Finning International from C$50.00 to C$57.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. National Bankshares upped their price target on shares of Finning International from C$48.00 to C$53.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Raymond James Financial increased their price target on shares of Finning International from C$50.00 to C$56.50 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada increased their target price on shares of Finning International from C$49.00 to C$61.00 in a report on Thursday, May 22nd. Finally, BMO Capital Markets increased their target price on Finning International from C$48.00 to C$52.00 in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$54.94.

Finning International Trading Up 2.7%

The company has a 50-day moving average price of C$49.61 and a 200 day moving average price of C$42.91. The stock has a market capitalization of C$8.22 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14.

Insiders Place Their Bets

In related news, Senior Officer Gregory Palaschuk sold 4,070 shares of Finning International stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$54.80, for a total value of C$223,036.00. Also, Senior Officer Sebastian Tomas Guridi sold 3,299 shares of the firm's 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. Over the last quarter, insiders sold 17,628 shares of company stock valued at $926,016. 0.10% of the stock is currently owned by corporate insiders.

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.