Finning International (TSE:FTT) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Finning International Inc. (TSE:FTT)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$61.91 and traded as high as C$74.90. Finning International shares last traded at C$73.14, with a volume of 229,331 shares.

Analysts Set New Price Targets

FTT has been the subject of a number of analyst reports. Raymond James Financial upped their target price on Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. Scotiabank upped their price objective on Finning International from C$71.00 to C$85.00 in a research note on Thursday, November 13th. Royal Bank Of Canada raised their price objective on Finning International from C$61.00 to C$67.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. BMO Capital Markets boosted their target price on shares of Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Finally, TD Securities increased their price target on shares of Finning International from C$81.00 to C$88.00 in a research report on Thursday, November 13th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Finning International currently has an average rating of “Moderate Buy” and a consensus target price of C$75.88.

Finning International Price Performance

The stock has a 50-day moving average price of C$70.77 and a two-hundred day moving average price of C$61.91. The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. The stock has a market cap of C$9.61 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.56 and a beta of 0.91.

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.