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

Finning International Inc. (TSE:FTT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.77 and traded as high as C$44.17. Finning International shares last traded at C$43.45, with a volume of 202,188 shares.

Analyst Ratings Changes

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

Finning International Trading Up 0.3 %

The company has a market capitalization of C$6.08 billion, a PE ratio of 12.42, a PEG ratio of 0.56 and a beta of 1.55. The company has a fifty day simple moving average of C$40.26 and a 200-day simple moving average of C$40.79. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71.

Finning International (TSE:FTT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.98 by C$0.04. Finning International had a net margin of 4.65% and a return on equity of 20.14%. The firm had revenue of C$2.65 billion during the quarter, compared to analyst estimates of C$2.57 billion. Analysts predict that Finning International Inc. will post 4.244898 EPS for the current year.

Finning International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, August 22nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.52%. Finning International's dividend payout ratio is currently 31.34%.

Insider Activity

In other Finning International news, Senior Officer Kevin Parkes purchased 2,777 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of C$36.39 per share, for a total transaction of C$101,055.03. Corporate insiders own 0.10% 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.