Finning International (TSE:FTT) Stock Price Crosses 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$78.12 and traded as high as C$87.89. Finning International shares last traded at C$86.16, with a volume of 189,519 shares changing hands.

Analysts Set New Price Targets

FTT has been the subject of a number of research reports. TD Securities boosted their price target on shares of Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Canaccord Genuity Group lifted their target price on Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. National Bank Financial boosted their target price on 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. Scotiabank upped their target price on Finning International from C$92.00 to C$105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce raised their price target on Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$94.63.

Finning International Price Performance

The company has a 50-day moving average of C$88.65 and a 200-day moving average of C$78.12. 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 stock has a market cap of C$11.27 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 0.56 and a beta of 0.62.

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

About Finning International

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.