Finning International (TSE:FTT) Shares Cross Above 200 Day Moving Average of $37.75

Finning International Inc. (TSE:FTT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$37.75 and traded as high as C$43.12. Finning International shares last traded at C$42.21, with a volume of 212,026 shares traded.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FTT. TD Securities boosted their price objective on Finning International from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Monday, February 12th. CIBC reduced their price objective on Finning International from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Scotiabank boosted their target price on Finning International from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research report on Tuesday. BMO Capital Markets dropped their target price on Finning International from C$48.00 to C$47.00 in a research report on Wednesday, February 7th. Finally, National Bank Financial upgraded Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Finning International presently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.63.

Finning International Stock Down 1.4 %

The company has a debt-to-equity ratio of 106.56, a current ratio of 1.41 and a quick ratio of 0.59. The stock has a market cap of C$6.02 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. The business has a fifty day moving average of C$37.82 and a 200-day moving average of C$37.79.

Finning International (TSE:FTT) last announced its quarterly earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.02. The firm had revenue of C$2.40 billion during the quarter, compared to analyst estimates of C$2.54 billion. Finning International had a return on equity of 20.88% and a net margin of 4.97%. Equities research analysts anticipate that Finning International Inc. will post 3.9857007 earnings per share for the current year.

Finning International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%. Finning International’s dividend payout ratio is currently 28.25%.

Insiders Place Their Bets

In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total transaction of C$360,000.00. In other Finning International news, Senior Officer Kevin Parkes purchased 3,000 shares of Finning International stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of C$36.14 per share, with a total value of C$108,420.00. Also, Senior Officer David Francis Neil Primrose sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total value of C$360,000.00. 0.12% of the stock is owned by company 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.