Finning International (OTCMKTS:FINGF) Trading Down 9.4% – What’s Next?

Finning International Inc. (OTCMKTS:FINGF)’s share price traded down 9.4% on Monday . The stock traded as low as $69.42 and last traded at $69.42. 1,301 shares were traded during mid-day trading, a decline of 91% from the average session volume of 14,048 shares. The stock had previously closed at $76.66.

Analysts Set New Price Targets

FINGF has been the topic of several research reports. Scotiabank reiterated an “outperform” rating on shares of Finning International in a research report on Tuesday, July 7th. TD Securities reaffirmed 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 report on Monday, June 8th. Five investment 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 Price Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 0.70. The stock has a market capitalization of $8.93 billion and a PE ratio of 46.87. The company has a 50-day moving average of $71.91 and a two-hundred day moving average of $67.86.

Finning International (OTCMKTS:FINGF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Finning International had a net margin of 6.34% and a return on equity of 19.18%.

About Finning International

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.