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

Shares of Finning International Inc. (OTCMKTS:FINGF) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company.

A number of equities analysts have recently commented on the company. TD Securities reiterated a “buy” rating on shares of Finning International in a research note on Tuesday, February 17th. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Finning International in a research report on Thursday, February 12th.

Finning International Stock Up 1.6%

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

Finning International (OTCMKTS:FINGF) last released its 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 business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.85 billion.

Finning International Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, November 27th were given a dividend of $0.2161 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a 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.