Finning International (OTCMKTS:FINGF) Shares Gap Down - Here's What Happened

Key Points

• Finning International shares gapped down Monday, opening at $60.56 after a prior close of $63.80 and last trading at $61.65 on very light volume (1,018 shares).
• Analysts remain broadly positive—six rate the stock Buy and one Hold, with recent "outperform"/"buy" reissues from RBC, TD Securities and Scotiabank and an average MarketBeat rating of Moderate Buy.
• The company reported quarterly EPS of $0.72, missing estimates by $0.05 while beating revenue expectations ($1.96B vs. $1.85B); the stock trades at a high P/E of 85.6 and has a market cap of $8.07 billion.

Finning International Inc. (OTCMKTS:FINGF - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $63.80, but opened at $60.56. Finning International shares last traded at $61.65, with a volume of 1,018 shares changing hands.

Analysts Set New Price Targets

FINGF has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating on shares of Finning International in a research report on Thursday, February 12th. TD Securities reaffirmed a "buy" rating on shares of Finning International in a report on Tuesday, February 17th. Finally, Scotiabank reissued an "outperform" rating on shares of Finning International in a report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Finning International Stock Performance

The firm has a fifty day moving average of $64.55 and a 200 day moving average of $56.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.75. The stock has a market capitalization of $8.07 billion and a price-to-earnings ratio of 85.63.

Finning International (OTCMKTS:FINGF - Get Free Report) last announced 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 company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.85 billion. Finning International had a net margin of 6.03% and a return on equity of 18.01%.

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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