Finning International (TSE:FTT) Shares Cross Above Two Hundred Day Moving Average of $37.85

Finning International Inc. (TSE:FTT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$37.85 and traded as high as C$42.50. Finning International shares last traded at C$42.12, with a volume of 468,100 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on FTT shares. BMO Capital Markets reduced their price objective on Finning International from C$48.00 to C$47.00 in a research report on Wednesday, February 7th. National Bank Financial upgraded Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, February 7th. Scotiabank raised their target price on Finning International from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. CIBC cut their price objective on Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Finally, National Bankshares upgraded Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 price objective for the company in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$47.63.

Finning International Trading Up 0.9 %

The company has a debt-to-equity ratio of 106.56, a current ratio of 1.41 and a quick ratio of 0.59. The business has a 50 day moving average of C$38.22 and a 200 day moving average of C$37.85. The firm has a market capitalization of C$6.07 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.56 and a beta of 1.63.

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 analysts’ consensus estimates of C$0.94 by C$0.02. Finning International had a return on equity of 20.88% and a net margin of 4.97%. The business had revenue of C$2.40 billion during the quarter, compared to analysts’ expectations of C$2.54 billion. As a group, research analysts predict that Finning International Inc. will post 3.9857007 earnings per share for the current fiscal year.

Finning International Dividend Announcement

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

Insider Buying and Selling at Finning International

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

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.