
TSE:FTT
This summary was created by AI, based on 4 opinions in the last 12 months.
Finning International (FTT-T) has garnered mixed reviews from experts, highlighting both its strengths and concerns in the current market landscape. The company is recognized as a distributor of Caterpillar products, making it a stable stock choice with potential as a HALO company. However, uncertainty in Canada surrounding infrastructure and energy has raised some red flags. While some analysts note the stock's remarkable ascent from $45 to current levels, they caution that it has surpassed its fair market value, suggesting careful monitoring is needed, especially if the stock fails to maintain support at $78. Despite the trend of earnings forecasts appearing flat, the equipment industry is generally seen as resilient to inflation, and there is optimism for growth driven by mining and global expansion over the next few years, particularly in industrials.
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.