Finning International (OTCMKTS:FINGF) Shares Gap Up – Time to Buy?

Finning International Inc. (OTCMKTS:FINGF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $70.54, but opened at $75.90. Finning International shares last traded at $74.97, with a volume of 200 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FINGF shares. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research note on Friday. Royal Bank Of Canada reissued an “outperform” rating on shares of Finning International in a research note on Thursday, February 12th. BMO Capital Markets reissued an “outperform” rating on shares of Finning International in a research note on Thursday. Finally, TD Securities reissued a “buy” rating on shares of Finning International in a research note on Tuesday, February 17th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Finning International Trading Down 2.5%

The company has a market capitalization of $9.77 billion and a price-to-earnings ratio of 103.94. The business has a fifty day moving average price of $67.08 and a 200 day moving average price of $61.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.75.

Finning International (OTCMKTS:FINGF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Finning International had a return on equity of 19.44% and a net margin of 6.34%.The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 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.