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

Shares of Finning International Inc. (OTCMKTS:FINGF) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of brokerages recently commented on FINGF. Scotiabank reiterated an “outperform” rating on shares of Finning International in a research note on Wednesday, May 14th. Royal Bank of Canada reiterated an “outperform” rating on shares of Finning International in a research report on Thursday, May 15th. National Bankshares cut shares of Finning International from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 22nd. Raymond James reaffirmed an “outperform” rating on shares of Finning International in a research note on Wednesday, May 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Finning International in a report on Wednesday, May 14th.

Finning International Stock Down 0.7%

FINGF opened at $40.21 on Friday. Finning International has a 12 month low of $23.82 and a 12 month high of $41.11. The firm’s fifty day simple moving average is $32.30 and its 200 day simple moving average is $29.23.

Finning International Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were issued a $0.2161 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This is a boost from Finning International’s previous dividend of $0.19. This represents a yield of 2.43%. Finning International’s payout ratio is 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.