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

Finning International Inc. (TSE:FTT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.03 and traded as high as C$41.01. Finning International shares last traded at C$40.66, with a volume of 225,176 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. TD Securities raised their price target on Finning International from C$47.00 to C$50.00 in a research report on Monday, February 24th. Canaccord Genuity Group raised their price target on Finning International from C$51.00 to C$55.00 in a research report on Friday, February 7th. CIBC dropped their price target on Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. Finally, BMO Capital Markets raised their price target on Finning International from C$45.00 to C$50.00 in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$49.89.

Finning International Stock Up 0.4 %

The firm has a fifty day moving average price of C$40.41 and a 200-day moving average price of C$40.03. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. The firm has a market cap of C$5.59 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.56 and a beta of 1.55.

Insider Transactions at Finning International

In related news, Senior Officer Cheryl Lynn Gray sold 2,500 shares of Finning International stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$44.35, for a total value of C$110,884.50. Also, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of Finning International stock in a transaction on Thursday, February 6th. The shares were sold at an average price of C$42.10, for a total value of C$126,300.00. Insiders have sold 7,969 shares of company stock worth $344,424 over the last quarter. 0.10% of the stock is currently owned by 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.