Finning International Inc. (OTCMKTS:FINGF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Finning International Inc. (OTCMKTS:FINGF) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

FINGF has been the subject of several research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research note on Monday, July 14th. Raymond James Financial reissued an “outperform” rating on shares of Finning International in a research note on Wednesday, May 14th. National Bankshares downgraded shares of Finning International from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Finning International in a research note on Thursday, May 15th. Finally, TD Securities reissued a “buy” rating on shares of Finning International in a research note on Wednesday, May 14th.

Finning International Stock Down 1.6%

Finning International stock opened at $42.90 on Friday. The company has a 50 day moving average price of $41.69 and a 200-day moving average price of $33.43. Finning International has a fifty-two week low of $23.82 and a fifty-two week high of $45.55.

Finning International Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were issued a $0.2161 dividend. This is an increase from Finning International’s previous dividend of $0.19. This represents a yield of 243.0%. The ex-dividend date of this dividend was Thursday, May 29th. Finning International’s dividend payout ratio is presently 37.53%.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.