Finning International (OTCMKTS:FINGF) Reaches New 1-Year High – Time to Buy?

Finning International Inc. (OTCMKTS:FINGF) shares reached a new 52-week high during 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.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FINGF. BMO Capital Markets reiterated an “outperform” rating on shares of Finning International in a research report on Monday, June 8th. Scotiabank reissued an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. Finally, TD Securities reiterated a “buy” rating on shares of Finning International in a research report on Wednesday, June 10th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Finning International presently has an average rating of “Buy”.

Finning International Price Performance

The stock’s 50-day moving average is $72.10 and its two-hundred day moving average is $67.24. The company has a market capitalization of $9.67 billion and a PE ratio of 50.75. The company has a current ratio of 1.61, a quick ratio of 0.70 and a debt-to-equity ratio of 0.42.

Finning International (OTCMKTS:FINGF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $1.80 billion for 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%.

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.