Finning International (TSE:FTT) Stock Passes Above 200 Day Moving Average – Time to Sell?

Finning International Inc. (TSE:FTT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$69.40 and traded as high as C$88.02. Finning International shares last traded at C$87.35, with a volume of 811,305 shares.

Wall Street Analyst Weigh In

FTT has been the topic of several analyst reports. TD Securities increased their target price on Finning International from C$81.00 to C$88.00 in a research report on Thursday, November 13th. CIBC increased their price objective on shares of Finning International from C$77.00 to C$84.00 in a report on Thursday, November 13th. National Bankshares boosted their target price on shares of 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. BMO Capital Markets upped their target price on shares of Finning International from C$76.00 to C$85.00 in a research report on Thursday, November 13th. Finally, Scotiabank lifted their price target on Finning International from C$71.00 to C$85.00 in a report on Thursday, November 13th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$78.25.

Finning International Price Performance

The company has a 50 day moving average of C$78.44 and a two-hundred day moving average of C$69.40. The firm has a market cap of C$11.47 billion, a P/E ratio of 17.23, a PEG ratio of 0.56 and a beta of 0.80. 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.