Finning International (TSE:FTT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Finning International Inc. (TSE:FTT)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.92 and traded as high as C$43.06. Finning International shares last traded at C$42.53, with a volume of 179,024 shares traded.

Analysts Set New Price Targets

FTT has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price objective on Finning International from C$49.00 to C$50.00 in a research report on Thursday, August 8th. CIBC upped their target price on Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$43.00 to C$45.00 in a report on Friday, August 9th. Finally, Scotiabank set a C$51.00 price objective on shares of Finning International and gave the company an “outperform” rating in a report on Wednesday, August 21st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Finning International currently has a consensus rating of “Buy” and an average price target of C$48.83.

Finning International Price Performance

The company’s 50-day simple moving average is C$40.89 and its 200 day simple moving average is C$40.92. The company has a market cap of C$5.93 billion, a PE ratio of 12.12, a PEG ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, August 6th. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.98 by C$0.04. Finning International had a net margin of 4.65% and a return on equity of 20.14%. The firm had revenue of C$2.65 billion for the quarter, compared to analysts’ expectations of C$2.57 billion. On average, sell-side analysts predict that Finning International Inc. will post 4.244898 earnings per share for the current fiscal year.

Finning International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.10 annualized dividend and a dividend yield of 2.59%. Finning International’s dividend payout ratio is presently 31.34%.

Insider Activity at Finning International

In other news, Senior Officer Kevin Parkes purchased 2,777 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of C$36.39 per share, with a total value of C$101,055.03. 0.10% of the stock is owned by corporate 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.