Finning International (TSE:FTT) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• Finning International's stock has recently crossed above its 200-day moving average of C$50.24, trading as high as C$58.79.
• Analysts have offered mixed ratings, with seven recommending a Buy rating and one a Hold, along with a consensus price target of C$59.44.
• The company boasts a market capitalization of C$7.79 billion and has a current ratio of 1.65, indicating a healthy liquidity position.

Finning International Inc. (TSE:FTT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$50.24 and traded as high as C$58.79. Finning International shares last traded at C$58.78, with a volume of 634,505 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. 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 research note on Thursday, August 7th. Scotiabank decreased their price target on Finning International from C$65.00 to C$64.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Raymond James Financial upped their price target on Finning International from C$56.00 to C$68.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets upped their price target on Finning International from C$57.00 to C$66.00 in a research note on Tuesday, July 22nd. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$59.44.

Finning International Price Performance

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 stock has a market cap of C$8.03 billion, a PE ratio of 13.00, a P/E/G ratio of 0.56 and a beta of 1.16. The company has a fifty day moving average of C$58.84 and a 200-day moving average of C$50.70.

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.