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

Finning International Inc. (TSE:FTT)’s stock price passed 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 trading hands.

Several analysts recently weighed in on FTT shares. Raymond James set a C$43.00 target price on shares of Finning International and gave the company an “outperform” rating in a report on Monday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a C$43.00 price target on shares of Finning International in a research note on Thursday, September 23rd. National Bank Financial increased their price target on shares of Finning International to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, January 5th. National Bankshares increased their price target on shares of Finning International from C$45.00 to C$46.00 in a research note on Wednesday, January 5th. Finally, Scotiabank increased their price target 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$42.89.

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

Finning International (TSE:FTT) last issued its quarterly earnings results on Monday, November 8th. The company reported C$0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.54 by C$0.07. The company had revenue of C$1.75 billion for the quarter, compared to analyst estimates of C$1.75 billion. Equities analysts forecast that Finning International Inc. will post 2.3299998 earnings per share for the current year.

Finning International Company Profile (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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