Finning International (TSE:FTT) Shares Cross Above 200-Day Moving Average – Should You Sell?

Finning International Inc. (TSE:FTT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$55.99 and traded as high as C$72.68. Finning International shares last traded at C$71.50, with a volume of 349,295 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FTT. Royal Bank Of Canada increased their price objective on shares of Finning International from C$61.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Raymond James Financial increased their price objective on shares of Finning International from C$56.00 to C$68.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. TD Securities increased their price objective on shares of Finning International from C$69.00 to C$81.00 in a research report on Friday, October 17th. Scotiabank increased their price objective on shares of Finning International from C$64.00 to C$71.00 in a research report on Friday, October 17th. Finally, BMO Capital Markets increased their price objective on shares of Finning International from C$57.00 to C$66.00 in a research report on Tuesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Finning International presently has a consensus rating of “Moderate Buy” and an average price target of C$66.00.

Finning International Stock Performance

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 business’s 50 day moving average is C$62.95 and its 200 day moving average is C$55.99. The stock has a market capitalization of C$9.48 billion, a PE ratio of 15.34, a PEG ratio of 0.56 and a beta of 1.05.

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.