Finning International (OTCMKTS:FINGF) Shares Gap Down – What’s Next?

Finning International Inc. (OTCMKTS:FINGF) gapped down before the market opened on Monday . The stock had previously closed at $66.69, but opened at $64.15. Finning International shares last traded at $64.15, with a volume of 624 shares.

Analysts Set New Price Targets

FINGF has been the topic of a number of research analyst reports. Scotiabank restated an “outperform” rating on shares of Finning International in a report on Thursday, January 29th. TD Securities reissued a “buy” rating on shares of Finning International in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Finning International in a report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Finning International Trading Up 5.1%

The company has a fifty day moving average price of $60.32 and a 200 day moving average price of $52.34.

Finning International (OTCMKTS:FINGF) last issued its earnings results on Tuesday, February 10th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.85 billion.

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.