Finning International (TSE:FTT) Share Price Crosses Above 200 Day Moving Average of $39.41

Finning International Inc. (TSE:FTT) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$39.41 and traded as high as C$40.66. Finning International shares last traded at C$40.11, with a volume of 166,846 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FTT. Scotiabank increased their price target on Finning International from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. National Bankshares increased their target price on Finning International from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. BMO Capital Markets raised their target price on Finning International from C$47.00 to C$48.00 in a report on Wednesday, May 8th. CIBC upped their price target on Finning International from C$45.00 to C$49.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. One research 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$49.13.

Finning International Price Performance

The business’s fifty day moving average price is C$41.54 and its 200 day moving average price is C$39.41. The company has a debt-to-equity ratio of 120.20, a current ratio of 1.52 and a quick ratio of 0.59. The stock has a market cap of C$5.70 billion, a P/E ratio of 11.49, a PEG ratio of 0.56 and a beta of 1.62.

Finning International (TSE:FTT) last released its quarterly earnings data on Monday, May 6th. The company reported C$0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.87 by C($0.03). The firm had revenue of C$2.33 billion during the quarter, compared to analyst estimates of C$2.18 billion. Finning International had a net margin of 4.75% and a return on equity of 20.10%. Sell-side analysts forecast that Finning International Inc. will post 4 EPS for the current fiscal year.

Finning International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Wednesday, May 22nd were issued a $0.275 dividend. This is a positive change from Finning International’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, May 21st. This represents a $1.10 annualized dividend and a yield of 2.74%. Finning International’s payout ratio is presently 31.52%.

Insiders Place Their Bets

In other news, Director Harold N. Kvisle sold 3,100 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of C$43.36, for a total transaction of C$134,416.00. In related news, Director Harold N. Kvisle sold 3,100 shares of Finning International stock in a transaction on Monday, May 13th. The shares were sold at an average price of C$43.36, for a total value of C$134,416.00. Also, Senior Officer Sebastian Tomas Guridi sold 700 shares of the company’s stock in a transaction dated Monday, May 27th. The stock was sold at an average price of C$44.01, for a total transaction of C$30,803.50. Over the last three months, insiders acquired 23,100 shares of company stock worth $971,140 and sold 5,320 shares worth $230,530. 0.09% of the stock is currently owned by corporate 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.