Finning International (TSE:FTT) Shares Pass Above 200-Day Moving Average of $38.12

Finning International Inc. (TSE:FTT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$38.12 and traded as high as C$43.56. Finning International shares last traded at C$43.49, with a volume of 521,837 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FTT. Royal Bank of Canada raised their target price on shares of Finning International from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. BMO Capital Markets raised their target price on shares of Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 10th. TD Securities raised their target price on shares of Finning International from C$39.00 to C$46.00 and gave the stock a “hold” rating in a research note on Thursday, August 10th. CIBC raised their target price on shares of Finning International from C$47.00 to C$48.00 in a research note on Thursday, August 10th. Finally, Raymond James raised their target price on shares of Finning International from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Finning International presently has an average rating of “Moderate Buy” and an average target price of C$46.50.

Finning International Price Performance

The company has a debt-to-equity ratio of 108.45, a current ratio of 1.40 and a quick ratio of 0.59. The company’s 50 day moving average is C$42.54 and its 200 day moving average is C$38.12. The stock has a market cap of C$6.35 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.56 and a beta of 1.68.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, August 8th. The company reported C$1.00 EPS for the quarter, beating the consensus estimate of C$0.85 by C$0.15. Finning International had a net margin of 5.56% and a return on equity of 23.78%. The firm had revenue of C$2.56 billion during the quarter, compared to analysts’ expectations of C$2.18 billion. Research analysts forecast that Finning International Inc. will post 3.978957 earnings per share for the current fiscal year.

Finning International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $1.00 annualized dividend and a yield of 2.30%. Finning International’s dividend payout ratio (DPR) is currently 26.74%.

Insider Buying and Selling at Finning International

In other Finning International news, Director Christopher William Patterson sold 5,625 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of C$32.82, for a total transaction of C$184,620.94. 0.27% of the stock is currently owned by 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, draglines, 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.