Finning International (TSE:FTT) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Shares of Finning International Inc. (TSE:FTT - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$40.87 and traded as high as C$41.86. Finning International shares last traded at C$41.72, with a volume of 239,303 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on Finning International from C$49.00 to C$50.00 in a research note on Thursday, August 8th. Scotiabank set a C$51.00 price target on Finning International and gave the stock an "outperform" rating in a research note on Wednesday, August 21st. CIBC boosted their price objective on Finning International from C$49.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. BMO Capital Markets boosted their price target on shares of Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. Finally, TD Securities raised shares of Finning International from a "hold" rating to a "buy" rating and increased their target price for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$48.83.

Finning International Stock Down 9.3 %

The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. The stock has a market cap of C$5.28 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The business's 50 day moving average is C$41.39 and its 200 day moving average is C$40.87.

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.