Finning International (TSE:FTT) Share Price Passes Above 200 Day Moving Average of $22.92

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Finning International Inc. (TSE:FTT)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.92 and traded as high as $24.31. Finning International shares last traded at $23.96, with a volume of 153,768 shares traded.

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada cut their target price on Finning International from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Stephens reissued an “equal weight” rating and set a C$25.00 price target on shares of Finning International in a research report on Thursday, August 15th. BMO Capital Markets dropped their price target on Finning International from C$27.00 to C$26.00 in a research report on Thursday, August 8th. National Bank Financial upped their price target on Finning International from C$28.00 to C$29.50 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Raymond James reissued a “market perform” rating and set a C$26.50 price target on shares of Finning International in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$27.50.

The company has a current ratio of 1.70, a quick ratio of 0.64 and a debt-to-equity ratio of 108.85. The firm has a 50-day simple moving average of C$23.32 and a two-hundred day simple moving average of C$22.92. The company has a market capitalization of $3.93 billion and a price-to-earnings ratio of 15.92.

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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