Finning International (TSE:FTT) Stock Price Passes Above 200 Day Moving Average of $34.64

Finning International Inc. (TSE:FTT – Get Rating) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$34.64 and traded as high as C$37.12. Finning International shares last traded at C$36.41, with a volume of 250,750 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FTT. National Bankshares downgraded Finning International from an “outperform” rating to a “sector perform” rating and set a C$40.00 price target for the company. in a research note on Tuesday, February 7th. CIBC lifted their price target on Finning International from C$43.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. National Bank Financial downgraded Finning International from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Monday, February 6th. BMO Capital Markets boosted their target price on shares of Finning International from C$38.00 to C$43.00 in a research note on Thursday, February 9th. Finally, Scotiabank boosted their target price on shares of Finning International from C$44.00 to C$45.00 in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$43.29.

Finning International Stock Performance

The stock has a 50-day simple moving average of C$34.70 and a 200-day simple moving average of C$34.64. The company has a market capitalization of C$5.44 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71. The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 98.71.

Finning International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 25th will be given a dividend of $0.25 per share. This is a positive change from Finning International’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, May 24th. Finning International’s dividend payout ratio is currently 28.17%.

About Finning International

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Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.