Finning International (TSE:FTT) Share Price Breaks Above 200-Day Moving Average – Here’s Why
by Michael Walen · The Markets DailyFinning International Inc. (TSE:FTT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$96.01 and traded as high as C$106.04. Finning International shares last traded at C$104.66, with a volume of 402,373 shares.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. TD raised their price target on Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. National Bank Financial lifted their price objective on Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Scotiabank lifted their price objective on Finning International from C$114.00 to C$118.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada lowered their price objective on shares of Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$116.78.
Get Our Latest Analysis on FTT
Finning International Trading Up 1.5%
The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86. The stock has a market capitalization of C$13.82 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 0.56 and a beta of 0.78. The company has a 50-day moving average price of C$95.61 and a 200 day moving average price of C$96.08.
Finning International (TSE:FTT – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%.The company had revenue of C$3.13 billion for the quarter. On average, research analysts forecast that Finning International Inc. will post 4.244898 earnings per share for the current fiscal year.
About Finning International
Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.