Finning International Inc. (OTCMKTS:FINGF – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $75.10 and last traded at $75.0325, with a volume of 1352 shares trading hands. The stock had previously closed at $70.54.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Finning International in a report on Thursday, February 12th. Scotiabank reiterated an “outperform” rating on shares of Finning International in a report on Thursday, January 29th. Finally, TD Securities reiterated a “buy” rating on shares of Finning International in a report on Tuesday, February 17th. Six equities 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.com, Finning International currently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on FINGF
Finning International Trading Up 8.0%
Finning International (OTCMKTS:FINGF – Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Finning International had a return on equity of 18.01% and a net margin of 6.03%.The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations 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.
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