Finning International (TSE:FTT) Stock Crosses Above 200-Day Moving Average – Here’s Why

Finning International Inc. (TSE:FTT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.87 and traded as high as C$41.86. Finning International shares last traded at C$41.72, with a volume of 239,303 shares changing hands.

Wall Street Analyst Weigh In

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

Finning International Stock Up 0.2 %

The company has a fifty day simple moving average of C$41.39 and a 200-day simple moving average of C$40.87. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71. The firm has a market cap of C$5.82 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55.

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.