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

Finning International Inc. (OTCMKTS:FINGF) shares gapped up prior to trading on Wednesday. The stock had previously closed at $69.41, but opened at $74.63. Finning International shares last traded at $74.63, with a volume of 100 shares.

Analysts Set New Price Targets

FINGF has been the subject of a number of analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a research report on Friday, August 7th. Scotiabank reiterated an “outperform” rating on shares of Finning International in a research report on Tuesday, July 7th. Finally, TD Securities reissued a “buy” rating on shares of Finning International in a research note on Wednesday, June 10th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Finning International presently has a consensus rating of “Buy”.

Finning International Trading Down 2.6%

The business has a fifty day moving average price of $68.53 and a two-hundred day moving average price of $69.04. The company has a current ratio of 1.47, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $9.59 billion and a PE ratio of 31.51.

Finning International (OTCMKTS:FINGF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.05. The firm 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%.

Finning International Company Profile

Finning International Inc is a Canadian industrial equipment dealer and one of the world’s largest dealers of Caterpillar products. The company sells, rents and supports heavy equipment used in mining, construction, forestry, energy, transportation and other industrial applications.

Its offerings include new and used Caterpillar machinery, engines, power systems, parts and related technologies. Finning also provides equipment maintenance and repair, component rebuilding, fleet management, rental services and other aftermarket support designed to help customers maintain productivity throughout the life of their equipment.

Founded in 1933 by Earl B.