Finning International (OTCMKTS:FINGF) Sets New 52-Week High – Should You Buy?

Shares of Finning International Inc. (OTCMKTS:FINGF) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $79.00 and last traded at $78.94, with a volume of 500 shares trading hands. The stock had previously closed at $76.81.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FINGF shares. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. TD Securities reissued a “buy” rating on shares of Finning International in a report on Wednesday, June 10th. Finally, 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.com, the company presently has an average rating of “Buy”.

Finning International Stock Up 3.2%

The business’s fifty day simple moving average is $68.59 and its two-hundred day simple moving average is $69.40. The company has a market cap of $10.29 billion and a PE ratio of 33.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.47 and a quick ratio of 0.65.

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

Finning International Company Profile

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.