Finning International (OTCMKTS:FINGF) Shares Gap Down – What’s Next?

Shares of Finning International Inc. (OTCMKTS:FINGF) gapped down prior to trading on Thursday. The stock had previously closed at $79.7248, but opened at $74.42. Finning International shares last traded at $73.97, with a volume of 400 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. BMO Capital Markets reissued an “outperform” rating on shares of Finning International in a report on Friday, August 7th. Finally, TD Securities reiterated a “buy” rating on shares of Finning International in a research report on Wednesday, June 10th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Finning International has an average rating of “Buy”.

Finning International Price Performance

The business’s 50-day simple moving average is $69.26 and its two-hundred day simple moving average is $69.77. The firm has a market cap of $9.62 billion and a price-to-earnings ratio of 31.63. The company has a current ratio of 1.47, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31.

Finning International (OTCMKTS:FINGF) last released its earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $1.94 billion. Finning International had a net margin of 4.93% and a return on equity of 19.85%.

Finning International Company Profile

Finning International Inc is a Canadian distributor of Caterpillar equipment and related services. Founded in 1933 by Earl Finning, the company has grown into one of the world’s largest Caterpillar dealerships, serving customers in the construction, mining, energy, forestry, agriculture, and government sectors.

The company sells and rents new and used heavy equipment, including excavators, trucks, loaders, and other machinery. It also provides replacement parts, equipment maintenance and repair, fleet management, technology solutions, and power systems.