Finning International (TSE:FTT) Share Price Passes Above 200-Day Moving Average of $37.75

Shares of Finning International Inc. (TSE:FTT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$37.75 and traded as high as C$43.12. Finning International shares last traded at C$42.21, with a volume of 212,026 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently commented on FTT. National Bank Financial raised shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. National Bankshares upgraded shares of Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 price target on the stock in a research report on Thursday, February 8th. BMO Capital Markets reduced their price target on shares of Finning International from C$48.00 to C$47.00 in a research report on Wednesday, February 7th. Royal Bank of Canada reduced their price target on shares of Finning International from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Finally, TD Securities boosted their price target on shares of Finning International from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$47.25.

Finning International Price Performance

The stock has a market capitalization of C$6.08 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. The company has a quick ratio of 0.59, a current ratio of 1.41 and a debt-to-equity ratio of 106.56. The stock’s 50 day moving average price is C$37.65 and its 200-day moving average price is C$37.75.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.02. The firm had revenue of C$2.40 billion during the quarter, compared to analyst estimates of C$2.54 billion. Finning International had a net margin of 4.97% and a return on equity of 20.88%. As a group, equities analysts forecast that Finning International Inc. will post 3.9857007 EPS for the current year.

Finning International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Wednesday, February 21st. Finning International’s dividend payout ratio (DPR) is presently 28.25%.

Insider Buying and Selling

In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. Also, Senior Officer Kevin Parkes purchased 3,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of C$36.14 per share, with a total value of C$108,420.00. 0.12% of the stock is 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, 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.