Finning International (OTCMKTS:FINGF) Shares Gap Up – Still a Buy?

Finning International Inc. (OTCMKTS:FINGF)’s share price 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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Finning International in a report on Monday, June 8th. TD Securities reiterated a “buy” rating on shares of Finning International in a report on Wednesday, June 10th. Finally, Scotiabank reiterated an “outperform” rating on shares of Finning International in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Finning International has a consensus rating of “Buy”.

Finning International Stock Performance

The company has a market cap of $9.34 billion and a price-to-earnings ratio of 48.97. The company has a quick ratio of 0.70, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $71.04 and a 200 day simple moving average of $64.16.

Finning International (OTCMKTS:FINGF) last announced its earnings results on Tuesday, May 12th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for 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.