Finning International (OTCMKTS:FINGF) Shares Gap Up – Should You Buy?

Shares of Finning International Inc. (OTCMKTS:FINGF) gapped up before the market opened on Thursday . The stock had previously closed at $70.54, but opened at $75.90. Finning International shares last traded at $74.97, with a volume of 200 shares.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Securities reissued a “buy” rating on shares of Finning International in a research report on Tuesday, February 17th. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Finning International in a report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Finning International Trading Down 0.0%

The stock has a market capitalization of $10.02 billion and a P/E ratio of 106.63. The stock’s fifty day moving average price is $66.76 and its 200 day moving average price is $60.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.75.

Finning International (OTCMKTS:FINGF) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Finning International had a net margin of 6.34% and a return on equity of 19.44%.

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.