Finning International (OTCMKTS:FINGF) Sets New 52-Week High – Should You Buy?

Finning International Inc. (OTCMKTS:FINGF)’s stock price reached a new 52-week high during trading on Friday. The stock traded as high as $79.00 and last traded at $78.94, with a volume of 500 shares. The stock had previously closed at $76.81.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FINGF shares. BMO Capital Markets reissued an “outperform” rating on shares of Finning International in a research report on Friday, August 7th. TD Securities reaffirmed a “buy” rating on shares of Finning International in a research report on Wednesday, June 10th. Finally, Scotiabank reiterated an “outperform” rating on shares of Finning International in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Finning International has an average rating of “Buy”.

Finning International Stock Up 3.2%

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 business’s 50-day simple moving average is $68.59 and its 200-day simple moving average is $69.40. The company has a market capitalization of $10.29 billion and a PE ratio of 33.87.

Finning International (OTCMKTS:FINGF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate 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 distributor of Caterpillar equipment and related services. Founded in 1933 by Earl Finning, the company has grown into one of the world’s largest Caterpillar dealerships, serving customers in the construction, mining, energy, forestry, agriculture, and government sectors.

The company sells and rents new and used heavy equipment, including excavators, trucks, loaders, and other machinery. It also provides replacement parts, equipment maintenance and repair, fleet management, technology solutions, and power systems.