Finning International (OTCMKTS:FINGF) Shares Gap Up – Still a Buy?

Finning International Inc. (OTCMKTS:FINGF) shares gapped up prior to trading on Monday . The stock had previously closed at $66.07, but opened at $70.02. Finning International shares last traded at $69.33, with a volume of 200 shares changing hands.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Scotiabank restated an “outperform” rating on shares of Finning International in a research report on Tuesday. BMO Capital Markets reiterated an “outperform” rating on shares of Finning International in a research note on Monday, June 8th. Finally, TD Securities reissued a “buy” rating on shares of Finning International in a report on Wednesday, June 10th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Finning International Trading Up 2.9%

The company has a quick ratio of 0.70, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $9.21 billion and a P/E ratio of 48.34. The firm’s 50-day simple moving average is $71.78 and its 200 day simple moving average is $65.87.

Finning International (OTCMKTS:FINGF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Finning International had a net margin of 6.34% and a return on equity of 19.18%. 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.