Finning International (TSE:FTT) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Finning International Inc. (TSE:FTT)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$45.93 and traded as high as C$61.73. Finning International shares last traded at C$61.25, with a volume of 504,341 shares.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Finning International from C$49.00 to C$61.00 in a research note on Thursday, May 22nd. Raymond James Financial increased their price objective on shares of Finning International from C$50.00 to C$56.50 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Scotiabank increased their price objective on shares of Finning International from C$48.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. National Bank Financial downgraded shares of Finning International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, BMO Capital Markets increased their price objective on shares of Finning International from C$57.00 to C$66.00 in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$56.50.

Finning International Price Performance

The stock has a market cap of C$8.41 billion, a P/E ratio of 17.13, a PEG ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The business’s fifty day moving average price is C$56.08 and its 200 day moving average price is C$45.93.

Insider Activity at Finning International

In other news, Senior Officer Kevin Parkes sold 600 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$51.42, for a total value of C$30,852.00. Also, Senior Officer Kieran Colquhoun Holm sold 4,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of C$51.00, for a total transaction of C$204,000.00. Insiders sold a total of 17,628 shares of company stock worth $926,016 over the last three months. 0.10% of the stock is owned by insiders.

About Finning International

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, drills, 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, as well as mobile and stationary generator sets.