Finning International (TSE:FTT) Stock Crosses Above Two Hundred Day Moving Average of $23.15

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 $23.15 and traded as high as $23.14. Finning International shares last traded at $22.86, with a volume of 156,412 shares trading hands.

Several equities analysts have issued reports on the stock. Stephens restated an “equal weight” rating and set a C$25.00 target price on shares of Finning International in a research note on Thursday, August 15th. CIBC lowered their target price on shares of Finning International from C$34.00 to C$27.00 in a research note on Tuesday, July 16th. Raymond James set a C$28.00 target price on shares of Finning International and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Finally, BMO Capital Markets lowered their target price on shares of Finning International from C$27.00 to C$26.00 in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Finning International currently has a consensus rating of “Buy” and an average target price of C$27.75.

The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 113.16. The firm has a market cap of $3.77 billion and a P/E ratio of 19.38. The company’s 50 day simple moving average is C$22.73 and its 200-day simple moving average is C$23.15.



Finning International (TSE:FTT) last posted its earnings results on Wednesday, August 7th. The company reported C$0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.44 by C$0.10. The company had revenue of C$2 billion for the quarter, compared to the consensus estimate of C$1.78 billion. On average, sell-side analysts anticipate that Finning International Inc. will post 2.1099999 earnings per share for the current year.

About Finning International (TSE:FTT)

Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, agriculture, governmental, paving, and forestry, as well as various power system applications.

Featured Article: Example of operating income, EBIT and EBITDA

Receive News & Ratings for Finning International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International and related companies with MarketBeat.com's FREE daily email newsletter.