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

Finning International Inc. (TSE:FTT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.32 and traded as high as C$51.15. Finning International shares last traded at C$50.70, with a volume of 744,506 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FTT shares. National Bankshares upped their target price on Finning International from C$48.00 to C$53.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Raymond James boosted their price objective on Finning International from C$50.00 to C$56.50 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets raised their target price on shares of Finning International from C$48.00 to C$52.00 in a report on Thursday, May 22nd. TD Securities lifted their target price on shares of Finning International from C$50.00 to C$57.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Scotiabank boosted their price target on shares of Finning International from C$48.00 to C$55.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$54.94.

Finning International Trading Down 1.1%

The company has a market cap of C$6.94 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company's 50 day moving average price is C$42.77 and its 200 day moving average price is C$40.57. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65.

Insider Buying and Selling at Finning International

In related news, Senior Officer Kieran Colquhoun Holm sold 1,413 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$50.98, for a total value of C$72,034.46. Also, Senior Officer Kevin Parkes sold 600 shares of Finning International stock in a transaction on Thursday, May 15th. The stock was sold at an average price of C$51.42, for a total transaction of C$30,852.00. Insiders have sold a total of 6,974 shares of company stock worth $355,276 over the last three months. Corporate insiders own 0.10% of the company's stock.

About Finning International

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.