Finning International (OTCMKTS:FINGF) Reaches New 1-Year High - Still a Buy?

Key Points

• Reached a new 52-week high — Finning shares traded as high as $73.75 (last $73.50) on the day, marking a fresh one-year peak.
• Analyst sentiment is positive — six analysts rate the stock a Buy and one a Hold, giving an average rating of “Moderate Buy” with recent reissued Outperform/Buy calls from Scotiabank, RBC and TD Securities.
• Mixed fundamentals — latest quarter showed an EPS miss ($0.72 vs. $0.77 est.) but revenue beat ($1.96B vs. $1.85B), while valuation is rich with a P/E of 102.08 and market cap of about $9.6 billion.

Finning International Inc. (OTCMKTS:FINGF - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $73.75 and last traded at $73.50, with a volume of 57246 shares traded. The stock had previously closed at $73.55.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Scotiabank reissued an "outperform" rating on shares of Finning International in a report on Thursday, January 29th. Royal Bank Of Canada reissued an "outperform" rating on shares of Finning International in a report on Thursday, February 12th. Finally, TD Securities reissued a "buy" rating on shares of Finning International in a report on Tuesday, February 17th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Finning International Stock Down 0.1%

The stock has a market capitalization of $9.60 billion and a P/E ratio of 102.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.67. The stock's fifty day simple moving average is $65.66 and its two-hundred day simple moving average is $59.16.

Finning International (OTCMKTS:FINGF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.05). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.85 billion. Finning International had a return on equity of 18.01% and a net margin of 6.03%.

About Finning International

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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