Finning International (OTCMKTS:FINGF) Stock Price Up 5% – Should You Buy?

Finning International Inc. (OTCMKTS:FINGF – Get Free Report) shares shot up 5% on Monday. The company traded as high as $72.94 and last traded at $72.89. 300 shares were traded during trading, a decline of 99% from the average daily volume of 20,272 shares. The stock had previously closed at $69.45.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on Finning International

Finning International Stock Performance

The company has a quick ratio of 0.65, a current ratio of 1.47 and a debt-to-equity ratio of 0.31. The firm has a market cap of $9.51 billion and a P/E ratio of 31.29. The business has a fifty day simple moving average of $69.86 and a 200-day simple moving average of $70.29.

Finning International (OTCMKTS:FINGF – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Finning International had a net margin of 4.93% and a return on equity of 19.85%.

Finning International Company Profile

(Get Free Report)

Finning International Inc is a Canadian distributor of Caterpillar equipment and related products. The company sells and rents heavy equipment used in construction, mining, forestry, energy, transportation and other industrial applications. Its offerings include earthmoving machinery, engines, power systems, replacement parts and work tools.

In addition to equipment sales, Finning provides maintenance, repair, rebuilding, field support, technology solutions and equipment-management services.

Further Reading

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