Finning International (OTCMKTS:FINGF) Shares Gap Up – Still a Buy?

Finning International Inc. (OTCMKTS:FINGF) gapped up prior to trading on Tuesday . The stock had previously closed at $62.6650, but opened at $66.59. Finning International shares last traded at $66.59, with a volume of 251 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FINGF. Scotiabank restated an “outperform” rating on shares of Finning International in a research note on Thursday, January 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Finning International in a report on Thursday, February 12th. Finally, TD Securities reissued a “buy” rating on shares of Finning International in a research report on Tuesday, February 17th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Finning International Price Performance

The stock’s 50 day moving average price is $62.83 and its two-hundred day moving average price is $54.08.

Finning International (OTCMKTS:FINGF) last posted its earnings results on Tuesday, February 10th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.85 billion.

About Finning International

Finning International Inc operates as the world’s largest dealer of Caterpillar machinery, engines and power systems, providing a comprehensive range of sales, rental, parts and service solutions. The company’s core offerings encompass medium- and heavy-duty equipment for industries such as mining, construction, energy, forestry and transportation, along with bespoke power generation packages and digital monitoring tools. Through maintenance contracts and cost-per-hour service agreements, Finning helps customers optimize equipment uptime and total lifecycle costs.

Founded in Vancouver, British Columbia, in 1933, Finning has grown from a single dealership to a global enterprise headquartered in Vancouver’s downtown business district.