Finning International Inc. (OTCMKTS:FINGF – Get Rating) has been assigned an average recommendation of "Buy" from the nine brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $41.89.
Several research firms have commented on FINGF. National Bank Financial reduced their price objective on Finning International from C$46.00 to C$40.00 in a research note on Wednesday, July 13th. Scotiabank cut their target price on Finning International from C$46.00 to C$38.00 in a research note on Monday, July 25th. BMO Capital Markets cut their target price on Finning International from C$38.00 to C$32.00 in a research note on Monday, June 27th. Finally, Canaccord Genuity Group cut their target price on Finning International from C$46.00 to C$42.00 and set a "buy" rating for the company in a research note on Monday, August 1st.
Get Finning International alerts:Finning International Stock Down 4.5 %
FINGF opened at $21.77 on Wednesday. The business has a 50 day moving average price of $21.75 and a two-hundred day moving average price of $26.26. Finning International has a 52 week low of $18.34 and a 52 week high of $32.23.
Finning International Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be issued a $0.1835 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a dividend yield of 3.22%. This is a boost from Finning International's previous dividend of $0.18.Finning International Company Profile
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Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.
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