Finning International (OTCMKTS:FINGF) Hits New 1-Year High - What's Next?

Key Points

• Finning International hit a new 52-week high, trading as high as $71.99 (last at $71.86) on Wednesday after closing previously at $70.71.
• Analyst sentiment is positive: six analysts rate the stock a Buy, one a Hold, and major firms (TD Securities, RBC, Scotiabank) have recently reiterated buy/outperform views, giving an overall "Moderate Buy" consensus.
• In the most recent quarter Finning reported EPS of $0.72 (missing estimates by $0.05) while revenue of $1.96 billion beat expectations; the shares trade at a high P/E (~99.8) with a market cap around $9.39 billion.

Finning International Inc. (OTCMKTS:FINGF - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $71.99 and last traded at $71.86, with a volume of 682 shares changing hands. The stock had previously closed at $70.71.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. TD Securities reaffirmed a "buy" rating on shares of Finning International in a research report on Tuesday, February 17th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Finning International in a research report on Thursday, February 12th. Finally, Scotiabank reiterated an "outperform" rating on shares of Finning International in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

Finning International Stock Performance

The business has a 50-day moving average price of $64.98 and a 200-day moving average price of $58.45. The company has a quick ratio of 0.75, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $9.39 billion and a price-to-earnings ratio of 99.81.

Finning International (OTCMKTS:FINGF - Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported $0.72 earnings per share 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 business 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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