Finning International (TSE:FTT) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Finning International Inc. (TSE:FTT) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$39.83 and traded as low as C$36.75. Finning International shares last traded at C$37.16, with a volume of 231,917 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FTT. CIBC boosted their target price on shares of Finning International from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Raymond James lowered their price objective on Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. Royal Bank of Canada cut their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Canaccord Genuity Group lowered their price target on Finning International from C$53.00 to C$51.00 in a report on Thursday, November 14th. Finally, BMO Capital Markets cut their price objective on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$48.25.

Finning International Stock Performance

The company has a market cap of C$5.18 billion, a PE ratio of 10.59, a PEG ratio of 0.56 and a beta of 1.55. The stock has a 50 day simple moving average of C$39.34 and a two-hundred day simple moving average of C$39.83. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59.

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.