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

Finning International Inc. (OTCMKTS:FINGF) shares gapped up prior to trading 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 traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FINGF. BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a research note on Friday, August 7th. Scotiabank restated an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Finning International presently has a consensus rating of “Buy”.

Finning International Price Performance

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

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

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.