Finning International (TSE:FTT) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Finning International Inc. (TSE:FTT)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$74.85 and traded as high as C$91.21. Finning International shares last traded at C$89.80, with a volume of 217,274 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BMO Capital Markets increased their price target on Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Canadian Imperial Bank of Commerce upped their price objective on shares of Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. Scotiabank raised their target price on shares of Finning International from C$92.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. National Bank Financial lifted 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 report on Monday, December 15th. Finally, Canaccord Genuity Group boosted their price target on shares of Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$94.63.

Finning International Stock Up 1.5%

The company has a debt-to-equity ratio of 82.71, a quick ratio of 0.59 and a current ratio of 1.67. The firm has a market capitalization of C$11.75 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 0.56 and a beta of 0.62. The firm has a fifty day moving average price of C$86.24 and a 200 day moving average price of C$74.85.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. The firm had revenue of C$2.77 billion for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%. As a group, sell-side analysts expect that Finning International Inc. will post 4.244898 EPS for the current fiscal year.

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.