Finning International (OTCMKTS:FINGF) Hits New 1-Year High – Here’s What Happened

Finning International Inc. (OTCMKTS:FINGF)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $71.99 and last traded at $71.86, with a volume of 682 shares changing hands. The stock had previously closed at $70.71.

Wall Street Analyst Weigh In

Several research firms have recently commented on FINGF. Scotiabank reissued an “outperform” rating on shares of Finning International in a report on Thursday, January 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Finning International in a research report on Thursday, February 12th. Finally, TD Securities reiterated a “buy” rating on shares of Finning International in a research report on Tuesday, February 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Finning International Stock Down 0.0%

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.75. The stock has a market cap of $9.38 billion and a price-to-earnings ratio of 99.78. The firm’s 50-day moving average is $65.28 and its 200 day moving average is $58.63.

Finning International (OTCMKTS:FINGF) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Finning International had a net margin of 6.03% and a return on equity of 18.01%.

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.