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

Shares of Finning International Inc. (OTCMKTS:FINGF – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $73.23, but opened at $70.16. Finning International shares last traded at $70.81, with a volume of 400 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on FINGF. BMO Capital Markets reiterated an “outperform” rating on shares of Finning International in a report on Friday, August 7th. Scotiabank restated an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Get Our Latest Analysis on Finning International

Finning International Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.47 and a debt-to-equity ratio of 0.31. The company has a market cap of $9.16 billion and a price-to-earnings ratio of 30.14. The stock’s 50-day simple moving average is $70.03 and its 200 day simple moving average is $70.42.

Finning International (OTCMKTS:FINGF – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. Finning International had a net margin of 4.93% and a return on equity of 19.85%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $1.94 billion.

About Finning International

(Get Free Report)

Finning International Inc is a Canadian distributor of Caterpillar equipment and related products. The company sells and rents heavy equipment used in construction, mining, forestry, energy, transportation and other industrial applications. Its offerings include earthmoving machinery, engines, power systems, replacement parts and work tools.

In addition to equipment sales, Finning provides maintenance, repair, rebuilding, field support, technology solutions and equipment-management services.

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