Finning International (TSE:FTT) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Finning International Inc. (TSE:FTT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$86.17 and traded as high as C$107.53. Finning International shares last traded at C$104.13, with a volume of 709,676 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FTT. TD boosted their target price on shares of Finning International from C$106.00 to C$115.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Canaccord Genuity Group boosted their target price on shares of Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a research note on Monday, February 9th. TD Securities boosted their target price on shares of Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. BMO Capital Markets boosted their target price on shares of Finning International from C$96.00 to C$115.00 in a research note on Thursday, May 14th. Finally, National Bank Financial raised shares of Finning International from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$89.00 to C$115.00 in a research note on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$114.22.

Finning International Stock Performance

The stock’s 50 day moving average price is C$94.41 and its 200 day moving average price is C$86.17. The company has a current ratio of 1.61, a quick ratio of 0.59 and a debt-to-equity ratio of 88.08. The company has a market cap of C$13.60 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 0.56 and a beta of 0.70.

Finning International (TSE:FTT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. Finning International had a net margin of 6.34% and a return on equity of 24.23%. The company had revenue of C$2.50 billion during the quarter. On average, analysts expect that Finning International Inc. will post 4.244898 EPS for the current fiscal year.

Insider Activity at Finning International

In other news, insider Gary Samuel Megarrell sold 300 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$103.00, for a total transaction of C$30,900.00. Following the completion of the transaction, the insider owned 2,511 shares of the company’s stock, valued at C$258,633. This represents a 10.67% decrease in their position. Over the last three months, insiders have sold 694 shares of company stock worth $71,496. Corporate insiders own 0.10% of the company’s stock.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.