Finning International (TSE:FTT) Stock Crosses Above Two Hundred Day Moving Average of $37.75

Finning International Inc. (TSE:FTT)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$37.75 and traded as high as C$43.12. Finning International shares last traded at C$42.21, with a volume of 212,026 shares.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FTT shares. National Bankshares upgraded shares of Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 price objective on the stock in a research note on Thursday, February 8th. CIBC dropped their target price on shares of Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. TD Securities increased their target price on shares of Finning International from C$40.00 to C$41.00 and gave the stock a “hold” rating in a report on Monday, February 12th. National Bank Financial raised shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada dropped their target price on shares of Finning International from C$50.00 to C$45.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Finning International currently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.25.

Finning International Trading Down 1.1 %

The company has a market cap of C$6.08 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.56 and a beta of 1.63. The company has a current ratio of 1.41, a quick ratio of 0.59 and a debt-to-equity ratio of 106.56. The firm’s 50-day moving average price is C$37.65 and its 200 day moving average price is C$37.75.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 EPS for the quarter, topping the consensus estimate of C$0.94 by C$0.02. The company had revenue of C$2.40 billion during the quarter, compared to the consensus estimate of C$2.54 billion. Finning International had a net margin of 4.97% and a return on equity of 20.88%. As a group, equities analysts expect that Finning International Inc. will post 3.9857007 EPS for the current year.

Finning International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Wednesday, February 21st. Finning International’s payout ratio is currently 28.25%.

Insider Activity at Finning International

In other Finning International news, Senior Officer Kevin Parkes purchased 3,000 shares of Finning International stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of C$36.14 per share, with a total value of C$108,420.00. In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. Also, Senior Officer Kevin Parkes acquired 3,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were bought at an average price of C$36.14 per share, for a total transaction of C$108,420.00. 0.12% of the stock is currently owned by insiders.

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.