Finning International (OTCMKTS:FINGF) Hits New 1-Year High – Here’s What Happened

Finning International Inc. (OTCMKTS:FINGF) shares reached a new 52-week high on Monday . The company traded as high as $78.16 and last traded at $77.05, with a volume of 400 shares trading hands. The stock had previously closed at $73.96.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Scotiabank restated an “outperform” rating on shares of Finning International in a research note on Tuesday, July 7th. TD Securities restated a “buy” rating on shares of Finning International in a research note on Wednesday, June 10th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Finning International in a research report on Monday, June 8th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Finning International Trading Down 1.0%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.70 and a current ratio of 1.61. The business has a 50 day simple moving average of $71.97 and a 200-day simple moving average of $66.97. The stock has a market capitalization of $9.88 billion and a P/E ratio of 51.86.

Finning International (OTCMKTS:FINGF) last released its earnings results on Tuesday, May 12th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Finning International had a net margin of 6.34% and a return on equity of 19.18%.

Finning International Company Profile

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.