Finning International (OTCMKTS:FINGF) Sets New 1-Year High – Should You Buy?

Finning International Inc. (OTCMKTS:FINGF) hit a new 52-week high on Monday . The stock traded as high as $57.32 and last traded at $57.23, with a volume of 716 shares changing hands. The stock had previously closed at $56.58.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. CIBC reiterated an “outperform” rating on shares of Finning International in a research note on Monday, October 20th. Scotiabank reiterated an “outperform” rating on shares of Finning International in a research report on Friday, October 17th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Finning International Stock Up 1.1%

The business has a 50 day simple moving average of $53.71 and a two-hundred day simple moving average of $47.96.

Finning International Cuts Dividend

The business also recently declared 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. This represents a yield of 165.0%. The ex-dividend date was Wednesday, November 26th.

Finning International Company Profile

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.