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TSX hits high, Wall Street flatMost Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)This summary was created by AI, based on 14 opinions in the last 12 months.
According to the experts, FTT-T, the world's largest Caterpillar heavy equipment distributor, is performing well with strong free quarterly cash flow, increasing order backlogs, and growing cash reserves. It trades at a low multiple of earnings and book value, and supports a high return on equity. The company is also retiring debt and buying back shares, while also offering a healthy dividend yield. There is consensus among the experts that FTT-T is a top pick and continues to show upside potential. Overall, the stock is seen as a strong investment with positive long-term growth prospects.
Phase three of market cycle is good for this business. Staple of economy. Expecting more lift in the stock, but trend remains up and to the right. Will continue to own.
She'd rather own CAT, which she's been looking at. Go to the company that makes the machinery, rather than to the distributor.
Well-run with operations in western Canada, Chile and UK. CAT is looking expensive, so you consider this. FTT is safe.
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.
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.
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.
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,
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
In the last year, 8 stock analysts published opinions about FTT-T. 6 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Finning Int.
Finning Int was recommended as a Top Pick by on . Read the latest stock experts ratings for Finning Int.
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.
8 stock analysts on Stockchase covered Finning Int In the last year. It is a trending stock that is worth watching.
On 2024-11-13, Finning Int (FTT-T) stock closed at a price of $37.92.
Our PAST TOP PICK with FTT is progressing well. To remain disciplined, we recommend trailing up the stop (from $34) to $38 at this time.