Finning International (OTCMKTS:FINGF) Reaches New 12-Month High – Still a Buy?

Finning International Inc. (OTCMKTS:FINGF) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $78.16 and last traded at $77.05, with a volume of 400 shares changing hands. The stock had previously closed at $73.96.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FINGF. TD Securities reiterated a “buy” rating on shares of Finning International in a research report on Wednesday, June 10th. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a research report on Monday, June 8th. Finally, Scotiabank restated an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Finning International presently has an average rating of “Buy”.

Finning International Stock Down 1.0%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 0.70. The stock has a market cap of $9.88 billion and a price-to-earnings ratio of 51.86. The firm’s 50-day moving average is $71.97 and its 200 day moving average is $66.97.

Finning International (OTCMKTS:FINGF) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. Finning International had a return on equity of 19.18% and a net margin of 6.34%.

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.