Finning International Inc. (TSE:FTT - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.
Wall Street Analysts Forecast Growth
FTT has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on Finning International from C$57.00 to C$66.00 in a research note on Tuesday, July 22nd. Scotiabank cut 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. Raymond James Financial upped their price objective on Finning International from C$56.00 to C$68.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their price objective on Finning International from C$61.00 to C$67.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Seven research 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$59.44.
Read Our Latest Stock Report on FTT
Finning International Stock Performance
The firm has a market capitalization of C$8.03 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.16. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65. The firm's 50-day moving average price is C$58.84 and its two-hundred day moving average price is C$50.62.
About Finning International
(
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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.
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