Shares of Finning International Inc. (OTCMKTS:FINGF – Get Free Report) were up 5% during mid-day trading on Monday. The stock traded as high as $72.94 and last traded at $72.89. Approximately 300 shares traded hands during trading, a decline of 99% from the average daily volume of 20,272 shares. The stock had previously closed at $69.45.
Analysts Set New Price Targets
FINGF has been the topic of a number of analyst reports. Scotiabank reissued an “outperform” rating on shares of Finning International in a research report on Tuesday, July 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a research report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.
Read Our Latest Report on Finning International
Finning International Stock Performance
The firm has a market capitalization of $9.51 billion and a P/E ratio of 31.29. 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 $69.86 and its two-hundred day simple moving average is $70.29.
Finning International (OTCMKTS:FINGF – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.05. Finning International had a return on equity of 19.85% and a net margin of 4.93%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $1.94 billion.
About Finning International
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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