Finning International (TSE:FTT) Stock Passes Above 200-Day Moving Average of $27.15
Finning International Inc. (TSE:FTT) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$27.15 and traded as high as C$33.55. Finning International shares last traded at C$32.97, with a volume of 158,164 shares traded.
Several brokerages have weighed in on FTT. CIBC raised Finning International from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$23.00 to C$37.00 in a research report on Thursday, January 14th. Raymond James increased their price target on Finning International from C$31.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Friday, February 12th. National Bank Financial raised their target price on Finning International from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research note on Friday, February 12th. Royal Bank of Canada raised their target price on Finning International from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Friday, February 12th. Finally, BMO Capital Markets raised their target price on Finning International from C$32.00 to C$35.00 in a research note on Friday, February 12th. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$33.28.
The business’s 50-day moving average price is C$32.50 and its 200-day moving average price is C$27.21. The company has a quick ratio of 1.03, a current ratio of 1.98 and a debt-to-equity ratio of 76.97. The firm has a market capitalization of C$5.31 billion and a PE ratio of 22.95.
In other Finning International news, Senior Officer Darcy Joel Harrod sold 818 shares of the stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of C$31.18, for a total transaction of C$25,505.24. Following the transaction, the insider now owns 9,024 shares in the company, valued at C$281,368.32. Also, Senior Officer Juan Pablo Amar sold 1,396 shares of the stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of C$32.70, for a total value of C$45,650.04. Following the transaction, the insider now owns 27,393 shares in the company, valued at approximately C$895,767.54. In the last quarter, insiders have sold 7,191 shares of company stock worth $233,911.
About Finning International (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.
See Also: Accumulation/Distribution
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