Finning International (OTCMKTS:FINGF) Hits New 1-Year High – Should You Buy?

Finning International Inc. (OTCMKTS:FINGF) reached a new 52-week high during trading on Thursday . The company traded as high as $68.87 and last traded at $68.87, with a volume of 1088 shares changing hands. The stock had previously closed at $65.50.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FINGF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Finning International in a research report on Thursday, February 12th. Scotiabank restated an “outperform” rating on shares of Finning International in a report on Thursday, January 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of Finning International in a research report on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Finning International Stock Performance

The stock’s 50-day moving average is $60.32 and its 200 day moving average is $52.34.

Finning International (OTCMKTS:FINGF) last issued its quarterly 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 firm had revenue of $1.96 billion during the quarter, compared to analyst estimates 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.