Finning International (TSE:FTT) Stock Passes Above 200 Day Moving Average of $39.04

Finning International Inc. (TSE:FTT)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$39.04 and traded as high as C$40.21. Finning International shares last traded at C$39.45, with a volume of 484,248 shares traded.

Analyst Ratings Changes

FTT has been the topic of a number of recent analyst reports. Scotiabank raised their price target on shares of Finning International from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. National Bankshares raised their price target on shares of Finning International from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. TD Securities raised their price target on shares of Finning International from C$41.00 to C$43.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. CIBC raised their price target on shares of Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada raised their price target on shares of Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$49.13.

Finning International Stock Performance

The company’s 50-day moving average price is C$42.22 and its 200 day moving average price is C$39.04. The company has a debt-to-equity ratio of 120.20, a quick ratio of 0.59 and a current ratio of 1.52. The stock has a market capitalization of C$5.61 billion, a PE ratio of 11.30, a PEG ratio of 0.56 and a beta of 1.62.

Finning International (TSE:FTT) last posted its earnings results on Monday, May 6th. The company reported C$0.84 EPS for the quarter, missing the consensus estimate of C$0.87 by C($0.03). Finning International had a return on equity of 20.10% and a net margin of 4.75%. The company had revenue of C$2.33 billion during the quarter, compared to analysts’ expectations of C$2.18 billion. On average, equities research analysts expect that Finning International Inc. will post 4 earnings per share for the current fiscal year.

Finning International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Wednesday, May 22nd were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This is a positive change from Finning International’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.79%. Finning International’s payout ratio is currently 31.52%.

Insider Transactions at Finning International

In other news, Director Harold N. Kvisle sold 600 shares of Finning International stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$43.14, for a total value of C$25,884.00. In related news, Director Harold N. Kvisle sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$43.14, for a total transaction of C$25,884.00. Also, Senior Officer Sebastian Tomas Guridi sold 700 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The shares were sold at an average price of C$44.01, for a total transaction of C$30,803.50. Over the last three months, insiders purchased 18,100 shares of company stock worth $776,490 and sold 5,320 shares worth $230,530. Company insiders own 0.09% of the company’s stock.

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.