Finning International (TSE:FTT) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Shares of Finning International Inc. (TSE:FTT - Get Free Report) 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on FTT. Scotiabank lowered their price target on Finning International from C$65.00 to C$64.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. National Bank Financial downgraded shares of Finning International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 21st. National Bankshares raised their price objective on shares of Finning International from C$48.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. TD Securities raised their price objective on shares of Finning International from C$50.00 to C$57.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, BMO Capital Markets raised their price objective on shares of Finning International from C$57.00 to C$66.00 in a research note on Tuesday, July 22nd. Seven equities research 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 currently has a consensus rating of "Moderate Buy" and an average price target of C$59.44.

Finning International Stock Performance

The stock has a market capitalization of C$7.65 billion, a P/E ratio of 12.38, a PEG ratio of 0.56 and a beta of 1.16. The firm has a 50-day moving average of C$59.02 and a 200 day moving average of C$49.67. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14.

Insider Buying and Selling

In related news, Senior Officer Gregory Palaschuk sold 4,070 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$54.80, for a total value of C$223,036.00. Insiders sold 7,355 shares of company stock valued at $403,085 over the last three months. 0.10% of the stock is owned by company insiders.

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.

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