Finning International Inc. (OTCMKTS:FINGF) Given Average Recommendation of “Moderate Buy” by Analysts

Finning International Inc. (OTCMKTS:FINGF) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company.

FINGF has been the subject of a number of analyst reports. TD Securities reiterated a “buy” rating on shares of Finning International in a research note on Tuesday, February 17th. Scotiabank restated an “outperform” rating on shares of Finning International in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Finning International in a report on Thursday, February 12th.

Finning International Price Performance

FINGF opened at $66.69 on Monday. The stock has a fifty day moving average price of $59.61 and a 200 day moving average price of $51.91. Finning International has a 1 year low of $25.19 and a 1 year high of $66.69.

Finning International (OTCMKTS:FINGF) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.72 earnings per share 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 the consensus estimate of $1.85 billion.

Finning International Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 11th. Stockholders of record on Thursday, November 27th were issued a dividend of $0.2161 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a dividend yield of 165.0%.

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.