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

Key Points

• Finning International shares broke above their 200-day moving average, reaching C$102.12 before closing at C$100.85, up 1.5%.
• Analysts remain bullish: the stock has an average “Buy” rating and a consensus price target of C$117.80, with recent targets ranging from C$118 to C$129.
• The company reported quarterly EPS of C$1.22 on C$3.13 billion in revenue, alongside a 4.93% net margin and 19.22% return on equity.

Finning International Inc. (TSE:FTT - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$98.51 and traded as high as C$102.12. Finning International shares last traded at C$100.85, with a volume of 292,129 shares.

Wall Street Analyst Weigh In

FTT has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price objective on Finning International from C$118.00 to C$122.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. National Bank Financial raised their target price on Finning International from C$115.00 to C$118.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Scotiabank lifted their target price on Finning International from C$114.00 to C$118.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 7th. Stifel Nicolaus set a C$127.00 target price on Finning International and gave the company a "buy" rating in a research note on Wednesday, September 30th. Finally, Royal Bank Of Canada reduced their price target on Finning International from C$130.00 to C$129.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$117.80.

Finning International Stock Up 1.5%

The firm's fifty day moving average is C$98.36 and its two-hundred day moving average is C$98.51. The firm has a market cap of C$13.12 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 0.56 and a beta of 0.48. The company has a debt-to-equity ratio of 86.86, a current ratio of 1.47 and a quick ratio of 0.59.

Finning International (TSE:FTT - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. The firm had revenue of C$3.13 billion during the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%. On average, sell-side analysts expect that Finning International Inc. will post 4.24 EPS for the current fiscal year.

Finning International Company Profile

Finning is the world's largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers' toughest challenges.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.