
TSE:FTT
This summary was created by AI, based on 4 opinions in the last 12 months.
Finning International, denoted by the symbol FTT-T, is recognized for its distribution of Caterpillar products and has shown a stable stock performance. However, there's considerable uncertainty regarding infrastructure and energy sectors in Canada, prompting some experts to prefer direct investment in CAT. The stock price has appreciated significantly, moving from $45 but has recently surpassed its fair market value, indicating the need for caution as a hold below $78 is crucial to avoid potential corrections. Overall, the equipment dealer market remains promising, capitalizing on inflation and poised for gains in mining and global growth over the coming years. Moreover, the current market cycle favors industrial stocks, suggesting a bullish outlook for Finning International within this favorable phase of economic expansion.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Gives good exposure to the industrial sector. The assumption would be based on higher inflation and higher commodity prices driving up the company’s sales. They have also managed past cycles well. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock took a hit from political moves in Chile. Overall it is a good grower and more growth is expected over the next two years. Currently trading at 18x earnings. Metals and mining stocks have been doing well recently. It is worth holding at current prices. Unlock Premium - Try 5i Free
(A Top Pick Dec 24/19, Down 10%) It's rangebound from $22-26. He's looking for a breakout; if so, this will push much higher which happened in mid-2017. He likes Caterpillar and Tormont as well. FTT has been a laggard. If it breaks below that range, this will fall lower.