Finning International (TSE:FTT) Stock Price Passes Above 200 Day Moving Average of $39.55

Finning International Inc. (TSE:FTTGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$39.55 and traded as high as C$40.32. Finning International shares last traded at C$39.72, with a volume of 188,069 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on FTT. TD Securities decreased their target price on shares of Finning International from C$46.00 to C$40.00 and set a “hold” rating for the company in a research note on Wednesday, November 8th. Royal Bank of Canada decreased their price objective on shares of Finning International from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th. CIBC lifted their price objective on shares of Finning International from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Finally, BMO Capital Markets dropped their price target on shares of Finning International from C$52.00 to C$48.00 in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$47.38.

View Our Latest Analysis on FTT

Finning International Stock Performance

The company has a debt-to-equity ratio of 112.19, a quick ratio of 0.59 and a current ratio of 1.41. The firm has a market cap of C$5.77 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 0.56 and a beta of 1.57. The firm’s fifty day moving average price is C$38.00 and its 200 day moving average price is C$39.55.

Finning International (TSE:FTTGet Free Report) last posted its quarterly earnings results on Monday, November 6th. The company reported C$1.07 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.10. Finning International had a net margin of 5.46% and a return on equity of 22.91%. The business had revenue of C$2.44 billion during the quarter, compared to analyst estimates of C$2.47 billion. Sell-side analysts expect that Finning International Inc. will post 4.020979 EPS for the current fiscal year.

About Finning International

(Get Free Report)

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, draglines, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers.

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