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

Finning International Inc. (TSE:FTT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$67.79 and traded as high as C$86.57. Finning International shares last traded at C$85.43, with a volume of 251,671 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FTT. Raymond James Financial upped their price objective on shares of Finning International from C$68.00 to C$85.00 in a report on Thursday, November 13th. Scotiabank boosted their target price on shares of Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. TD Securities raised their price target on shares of Finning International from C$81.00 to C$88.00 in a research report on Thursday, November 13th. National Bankshares lifted their price target on Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Monday, December 15th. Finally, CIBC boosted their price objective on Finning International from C$77.00 to C$84.00 in a report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$78.25.

Finning International Price Performance

The company has a market capitalization of C$11.22 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 0.56 and a beta of 0.79. The business’s 50-day moving average is C$76.19 and its two-hundred day moving average is C$67.79. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.