Finning International (TSE:FTT) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Finning International Inc. (TSE:FTT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$40.94 and traded as high as C$41.50. Finning International shares last traded at C$40.64, with a volume of 597,596 shares.

Wall Street Analysts Forecast Growth

FTT has been the topic of several recent analyst reports. TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and upped 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 price target on Finning International and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. CIBC raised their price objective on Finning International from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets upped their target price on Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. Finally, Royal Bank of Canada raised their price target on Finning International from C$49.00 to C$50.00 in a research note on Thursday, August 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$48.83.

Finning International Stock Down 1.6 %

The stock has a market cap of C$5.67 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.56 and a beta of 1.55. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71. The stock has a fifty day moving average of C$41.12 and a two-hundred day moving average of C$40.94.

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

Finning International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.10 annualized dividend and a yield of 2.71%. Finning International’s dividend payout ratio is currently 31.34%.

Insider Activity

In related news, Senior Officer Kevin Parkes purchased 2,777 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of C$36.39 per share, for a total transaction of C$101,055.03. 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.