Finning International (OTCMKTS:FINGF) Sets New 52-Week High – What’s Next?

Finning International Inc. (OTCMKTS:FINGF)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $73.75 and last traded at $73.50, with a volume of 57246 shares. The stock had previously closed at $73.55.

Analyst Ratings Changes

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

Finning International Stock Down 0.5%

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.75. The firm has a market cap of $9.19 billion and a price-to-earnings ratio of 97.69. The firm has a 50 day moving average price of $65.85 and a 200-day moving average price of $59.40.

Finning International (OTCMKTS:FINGF) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Finning International had a net margin of 6.03% and a return on equity of 18.01%. The firm 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.