Finning International (TSE:FTT) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Finning International's stock price rose above its 200-day moving average, reaching C$67.34, indicating strong market performance.
• Analysts have given multiple upgrades to the company's stock, with target prices ranging from C$64.00 to C$68.00 and a consensus rating of "Moderate Buy."
• The company's current market capitalization stands at C$8.83 billion, with significant metrics including a PE ratio of 14.29 and a relatively high debt-to-equity ratio of 98.14.

Finning International Inc. (TSE:FTT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$52.97 and traded as high as C$67.34. Finning International shares last traded at C$66.61, with a volume of 224,708 shares.

Analyst Upgrades and Downgrades

FTT has been the subject of several analyst reports. Royal Bank Of Canada increased their target price on shares of Finning International from C$61.00 to C$67.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Scotiabank reduced their target price on shares of 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 increased their target price on shares of Finning International from C$56.00 to C$68.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, BMO Capital Markets increased their target price on shares of Finning International from C$57.00 to C$66.00 in a report on Tuesday, July 22nd. Seven investment 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, Finning International presently has an average rating of "Moderate Buy" and an average price target of C$59.44.

Finning International Stock Performance

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 business's fifty day simple moving average is C$59.95 and its 200-day simple moving average is C$52.97. The firm has a market capitalization of C$8.83 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05.

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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