Finning International (TSE:FTT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Finning International Inc. (TSE:FTT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$74.85 and traded as high as C$91.21. Finning International shares last traded at C$89.80, with a volume of 217,274 shares changing hands.

Wall Street Analyst Weigh In

FTT has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce lifted their target price on shares of Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. TD Securities lifted their price objective on shares of Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Scotiabank increased their target price on Finning International from C$92.00 to C$105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. National Bank Financial lifted their price target on Finning International from C$66.00 to C$72.00 and gave the stock a “sector perform” rating in a research note on Monday, December 15th. Finally, Raymond James Financial boosted their target price on Finning International from C$68.00 to C$85.00 in a research report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$94.63.

Finning International Trading Up 0.1%

The company has a market cap of C$11.74 billion, a PE ratio of 18.17, a PEG ratio of 0.56 and a beta of 0.62. The stock has a 50 day moving average price of C$86.85 and a 200 day moving average price of C$75.05. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 82.71.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 EPS for the quarter. The business had revenue of C$2.77 billion during the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%. Sell-side analysts predict that Finning International Inc. will post 4.244898 EPS for the current fiscal year.

About Finning International

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.