Finning International (TSE:FTT) Stock Price Passes Above 200 Day Moving Average of $32.88

Finning International Inc. (TSE:FTT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$32.88 and traded as high as C$34.16. Finning International shares last traded at C$33.99, with a volume of 606,528 shares traded.

FTT has been the topic of several research analyst reports. Raymond James set a C$43.00 target price on shares of Finning International and gave the stock an “outperform” rating in a research report on Monday, December 6th. National Bankshares boosted their target price on shares of Finning International from C$45.00 to C$46.00 in a research report on Wednesday, January 5th. National Bank Financial boosted their target price on shares of Finning International to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 5th. Royal Bank of Canada restated an “outperform” rating and set a C$43.00 price objective on shares of Finning International in a research note on Thursday, September 23rd. Finally, Scotiabank lifted their price objective on shares of Finning International from C$41.50 to C$42.00 in a research note on Wednesday, October 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Finning International has a consensus rating of “Buy” and a consensus target price of C$42.89.

The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.77 and a current ratio of 1.68. The firm’s 50 day moving average is C$33.30 and its 200-day moving average is C$32.88. The stock has a market capitalization of C$5.49 billion and a price-to-earnings ratio of 16.66.

Finning International (TSE:FTT) last posted its earnings results on Monday, November 8th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.54 by C$0.07. The firm had revenue of C$1.75 billion during the quarter, compared to analyst estimates of C$1.75 billion. As a group, sell-side analysts forecast that Finning International Inc. will post 2.3299998 earnings per share for the current year.

About Finning International (TSE:FTT)

Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. It offers telehandlers, compact and small wheel loaders, mini excavators; heavy construction equipment, such as articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, excavators, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, track loaders, and wheel tractor-scrapers; and skidders, forest machines, track feller bunchers, log stackers, multi docker material handlers, cable yarding systems, dozers, drills, electric rope shovels, hydraulic mining shovels, and underground mining load haul dump (LHD) loaders.

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