Finning International (TSE:FTT) Stock Price Passes Above 200-Day Moving Average - What's Next?

Shares of Finning International Inc. (TSE:FTT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$39.91 and traded as high as C$43.50. Finning International shares last traded at C$41.82, with a volume of 531,269 shares changing hands.

Wall Street Analyst Weigh In

FTT has been the subject of several research analyst reports. BMO Capital Markets lifted their price target on shares of Finning International from C$45.00 to C$50.00 in a research note on Friday, February 7th. TD Securities boosted their price objective on Finning International from C$47.00 to C$50.00 in a research report on Monday, February 24th. Royal Bank of Canada decreased their price target on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Raymond James lowered their price objective on Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Finally, CIBC decreased their price objective on Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Finning International currently has a consensus rating of "Buy" and an average price target of C$49.89.

Finning International Trading Up 2.1 %

The stock has a 50 day moving average of C$39.94 and a 200 day moving average of C$39.98. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The firm has a market cap of C$5.61 billion, a P/E ratio of 11.43, a PEG ratio of 0.56 and a beta of 1.55.

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Insider Buying and Selling

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