Finning International (TSE:FTT) Stock Price Passes Above Two Hundred Day Moving Average of $40.26

Finning International Inc. (TSE:FTT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.26 and traded as high as C$44.34. Finning International shares last traded at C$43.86, with a volume of 467,007 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FTT shares. BMO Capital Markets increased their target price on Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. TD Securities upgraded shares of Finning International from a "hold" rating to a "buy" rating and raised their price objective for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. Scotiabank set a C$51.00 target price on shares of Finning International and gave the stock an "outperform" rating in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada raised their price target on shares of Finning International from C$49.00 to C$50.00 in a research report on Thursday, August 8th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Finning International presently has a consensus rating of "Buy" and an average price target of C$49.38.

Finning International Price Performance

The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. The company has a market cap of C$6.12 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.56 and a beta of 1.53. The firm has a 50 day moving average of C$39.27 and a 200-day moving average of C$40.26.

Finning International (TSE:FTT - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported C$1.02 earnings per share for the quarter, topping analysts' consensus estimates of C$0.98 by C$0.04. The firm had revenue of C$2.65 billion during the quarter, compared to analyst estimates of C$2.57 billion. Finning International had a net margin of 4.65% and a return on equity of 20.14%. On average, equities research analysts predict that Finning International Inc. will post 4.2590726 EPS for the current year.

Finning International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a $0.275 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.51%. Finning International's dividend payout ratio is currently 31.34%.

Insider Buying and Selling at Finning International

In other Finning International news, Senior Officer Kevin Parkes purchased 2,777 shares of Finning International stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of C$36.39 per share, for a total transaction of C$101,055.03. 0.10% of the stock is currently owned by company insiders.

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.