Finning International (OTCMKTS:FINGF) Shares Gap Up – Time to Buy?

Finning International Inc. (OTCMKTS:FINGF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $69.13, but opened at $72.88. Finning International shares last traded at $72.88, with a volume of 247 shares changing hands.

Analysts Set New Price Targets

FINGF has been the subject of several recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research note on Friday, May 15th. TD Securities reaffirmed a “buy” rating on shares of Finning International in a research note on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Finning International in a research note on Thursday, February 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a research note on Thursday, May 14th. Five 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 Stock Performance

The business has a 50 day moving average of $67.62 and a 200 day moving average of $61.63. The company has a market capitalization of $9.52 billion and a P/E ratio of 49.92. The company has a quick ratio of 0.75, a current ratio of 1.67 and a debt-to-equity ratio of 0.43.

Finning International (OTCMKTS:FINGF) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Finning International had a return on equity of 19.44% and a net margin of 6.34%.The company had revenue of $1.80 billion during 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.