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Finning Int (FTT-T)
TSE:FTT
42.43
0.22
(0.52%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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S&P hits record, TSX flatMost Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)TSX hits recordThis summary was created by AI, based on 10 opinions in the last 12 months.
Finning International (FTT-T) is a top pick for many experts due to its strong fundamentals and technical analysis, as well as its correlation to copper prices. The company builds equipment for mining companies and is benefitting from the current strength in commodity prices. With a strong order backlog and growing cash reserves, the company is seen as a long-term hold with potential for upside. However, some experts caution that the stock may be cyclical and advise taking profits at the right time.
$42.210
Owned
Fundamental analysis aligned with technical analysis. Very correlated to copper prices. Builds equipment for mining companies - commodity strength good for company. Excellent technical analysis.
The structural backdrop includes a lot of spending on construction and on US manufacturing facilities. Much better supply/demand for energy and materials than we've had in a decade. These are all customers of FTT.
If you look at the performance of CAT, FTT and TIH over the last year, all look very attractive. TIH does more construction, whereas FTT does more materials and so he'd lean more toward that one.
A long-term hold. If rate cuts happen, the economy will improve. Capex spending has already improved and that is benefitting FTT.
With a five year average annual earnings growth of 23%, we reiterate FTT as a TOP PICK. Upcoming earnings will likely confirm continuation of this trend. It trades at 10x earnings, 2.3x book and supports a 22% ROE. We like that cash reserves are growing while debt and shares are bought back. The dividend is backed by a payout ratio under 30% of cash flow. We continue to recommend a stop at $34, looking to achieve $48 -- upside potential of 20%. Yield 2.4%
(Analysts’ price target is $48.22)Industrials aren't too topical right now. Stock's been in a range for a couple of years, which is usually a positive sign. He'd be comfortable buying in the range, or if it spent more time above $36. Like tipping a Coke machine, sometimes it needs a couple of heaves to get it up through the price level.
We reiterate FTT, the world's largest Caterpillar heavy equipment distributor, as a TOP PICK. International infrastructure development is required and the company supplies the big toys to get it done. It trades at 10x earnings, 2.2x book and supports a 22% ROE. We like that cash reserves are growing, while debt is retired and shares bought back. We recommend trailing up the stop (from $29) to $34, looking to achieve $48 -- 25% potential upside. Yield 2.4%
(Analysts’ price target is $48.11)FTT is the world's largest Caterpillar heavy equipment distributor. Recently reported earnings showed new equipment sales were up over 50%, with increases in all global regions. It has a $2.3 billion order backlog, trades at 9x earnings, 2x book and supports a 22% ROE. We like that cash reserves are growing, while debt is retired and shares bought back. We recommend placing a stop-loss at $29, looking to achieve $48 -- 37% potential upside. Yield 2.6%
(Analysts’ price target is $48.56)50% of revenues are in western Canada, plus Chile and the UK. Higher commodity prices offer this some momentum and pushed FTT to new highs this year. But this is a cyclical name, so careful. Yesterday, CAT shares fell on shrinking demand, so that's a canary in the coalmine for FTT. Profits are decent and so is the PE. Take profits,
Still likes it. They executed very well. Still cheap and have pricing power. Trades at 11x vs. Caterpillar's 14%. Problem is growth is limited. Buy around $36.
Very strong business.
Recipient of high spending of Federal governments on infrastructure.
Raw material mining for EV transition will support business.
Excellent share price for long term investor.
A play on where the next bull market's going to be, and that's going to be cyclicals. A cheaper valuation amongst the group.
Beat last quarter guidance.
Great backlog of projects.
Current share price cheap.
Does not think industrial activity will slow too much.
Great name to get exposure to large section of the economy.
China re-opening a tailwind.
Finning Int(FTT-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 7
Finning Int(FTT-T) Frequently Asked Questions
What is Finning Int stock symbol?
Finning Int is a Canadian stock, trading under the symbol FTT-T on the Toronto Stock Exchange (FTT-CT). It is usually referred to as TSX:FTT or FTT-T
Is Finning Int a buy or a sell?
In the last year, 7 stock analysts published opinions about FTT-T. 6 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Finning Int.
Is Finning Int a good investment or a top pick?
Finning Int was recommended as a Top Pick by on . Read the latest stock experts ratings for Finning Int.
Why is Finning Int stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Finning Int worth watching?
7 stock analysts on Stockchase covered Finning Int In the last year. It is a trending stock that is worth watching.
What is Finning Int stock price?
On 2024-04-16, Finning Int (FTT-T) stock closed at a price of $42.43.
Very good time to buy company. Good exposure to commodity cycle. Stock valuation very cheap. Has been buying shares recently. Strong financials with good balance sheet, and management team.