Finning International (OTCMKTS:FINGF) Price Target Cut to C$42.00 by Analysts at Canaccord Genuity Group

Finning International (OTCMKTS:FINGFGet Rating) had its price target reduced by Canaccord Genuity Group from C$46.00 to C$42.00 in a research report released on Monday, The Fly reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also issued reports on FINGF. Scotiabank dropped their price objective on Finning International from C$46.00 to C$38.00 in a research note on Monday, July 25th. National Bank Financial dropped their price objective on Finning International from C$46.00 to C$40.00 in a research note on Wednesday, July 13th. Finally, BMO Capital Markets dropped their price objective on Finning International from C$38.00 to C$32.00 in a research note on Monday, June 27th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Finning International has a consensus rating of Moderate Buy and an average target price of $42.20.

Finning International Price Performance

OTCMKTS:FINGF opened at $21.69 on Monday. Finning International has a 52-week low of $18.34 and a 52-week high of $32.23. The stock has a fifty day moving average of $22.56 and a 200 day moving average of $26.61.

Finning International Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th were paid a $0.1819 dividend. This represents a dividend yield of 2.81%. The ex-dividend date was Wednesday, May 25th. This is a positive change from Finning International’s previous dividend of $0.18.

About Finning International

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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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