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 $68.9280, but opened at $71.56. Finning International shares last traded at $71.50, with a volume of 8,332 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FINGF shares. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a report on Friday, May 15th. TD Securities reaffirmed a “buy” rating on shares of Finning International in a research note on Wednesday, June 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a research note on Monday, June 8th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Finning International Stock Performance

The firm has a market capitalization of $9.34 billion and a PE ratio of 48.97. 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 firm has a fifty day moving average price of $71.04 and a 200 day moving average price of $64.16.

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

Finning International Company Profile

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.