Finning International (OTCMKTS:FINGF) Shares Gap Up – Here’s What Happened

Finning International Inc. (OTCMKTS:FINGF) gapped up before the market opened on Friday. The stock had previously closed at $69.45, but opened at $72.14. Finning International shares last traded at $71.49, with a volume of 875 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on FINGF shares. Scotiabank reiterated an “outperform” rating on shares of Finning International in a research report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Finning International Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.47 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $9.29 billion and a price-to-earnings ratio of 30.55. The company has a 50 day simple moving average of $69.79 and a 200 day simple moving average of $70.21.

Finning International (OTCMKTS:FINGF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. Finning International had a return on equity of 19.85% and a net margin of 4.93%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $1.94 billion.

About Finning International

Finning International Inc is a Canadian distributor of Caterpillar equipment and related services. Founded in 1933 by Earl Finning, the company has grown into one of the world’s largest Caterpillar dealerships, serving customers in the construction, mining, energy, forestry, agriculture, and government sectors.

The company sells and rents new and used heavy equipment, including excavators, trucks, loaders, and other machinery. It also provides replacement parts, equipment maintenance and repair, fleet management, technology solutions, and power systems.