Finning International (TSE:FTT) Shares Cross Above 200 Day Moving Average – What’s Next?
by Sarita Garza · The Markets DailyShares of Finning International Inc. (TSE:FTT – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$65.18 and traded as high as C$75.36. Finning International shares last traded at C$74.40, with a volume of 276,144 shares.
Analysts Set New Price Targets
A number of brokerages have recently commented on FTT. CIBC raised their target price on shares of Finning International from C$77.00 to C$84.00 in a research report on Thursday, November 13th. Raymond James Financial increased their price objective on Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. National Bankshares raised their price objective on Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a report on Monday, December 15th. BMO Capital Markets lifted their target price on Finning International from C$76.00 to C$85.00 in a research report on Thursday, November 13th. Finally, Scotiabank increased their price target on Finning International from C$71.00 to C$85.00 in a research report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$78.25.
Get Our Latest Analysis on FTT
Finning International Trading Down 0.0%
The company has a current ratio of 1.65, a quick ratio of 0.59 and a debt-to-equity ratio of 98.14. The stock has a market capitalization of C$9.77 billion, a P/E ratio of 14.67, 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$74.04 and a 200 day moving average price of C$65.24.
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.