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

Key Points

• Finning International's share price recently crossed above its 200-day moving average, trading at C$57.68, significantly higher than the average of C$49.67.
• Multiple analysts have upgraded their price targets for Finning International, with a consensus rating of "Moderate Buy" and a target of C$59.44.
• Insider selling activity has been noted, with senior officer Gregory Palaschuk selling 4,070 shares recently, indicating potential concern among insiders.

Finning International Inc. (TSE:FTT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$49.67 and traded as high as C$58.11. Finning International shares last traded at C$57.68, with a volume of 585,031 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FTT shares. Raymond James Financial increased their target price on shares of 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. Canaccord Genuity Group increased their target price on shares of Finning International from C$55.00 to C$60.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada increased their target price on shares of Finning International from C$61.00 to C$67.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Scotiabank decreased 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 research report on Thursday, August 7th. Finally, National Bankshares increased their target price 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. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$59.44.

Finning International Trading Down 0.1%

The firm's 50-day moving average is C$58.90 and its 200-day moving average is C$50.02. 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 firm has a market cap of C$7.64 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 0.56 and a beta of 1.16.

Insider Transactions at Finning International

In related news, Senior Officer Gregory Palaschuk sold 4,070 shares of Finning International stock in a transaction 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. Over the last three months, insiders have sold 7,355 shares of company stock valued at $403,085. Company 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.