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TSE:FTT
Finning Int (FTT.TO)
Financials 
Technical Analysis 
Aug 19, 2026, 12:00 amThis summary was created by AI, based on 5 opinions in the last 12 months.
Finning International, known as the largest Caterpillar dealer, has received mixed evaluations from various experts. While some highlight its stable stock performance and potential as a 'HALO' company, there are concerns regarding its current valuation, which is perceived as high. Analysts note that although the stock has shown a robust increase, it has surpassed its fair market value, raising red flags about potential corrections if it fails to hold at crucial price levels. The cyclical nature of the business combined with uncertainties in the Canadian infrastructure and energy sectors contributes to a lack of clarity regarding the stock's future. Nevertheless, there remains a bullish sentiment towards industrials in general as the market cycles progress, indicating potential for investments in the sector if bought at lower levels.
The market cycle model is essentially the business cycle with its 5 different phases. Phases 4 and 5 are the contraction phases, when you typically see the stock market coming under pressure. Phases 1, 2, and 3 are the expansion phases and they typically last a year.
His team believes that last year was phase 1, so now we're in phase 2. This matters because industrials typically do well in phase 2. They're bullish on industrials generally.
Q3 miss due to softness in Western Canada. Capital discipline. Copper activity has been pretty solid, but Trump means there's not going to be as much thirst to go green. Pricing power, but that's over for now. Doesn't see a lot of growth over next couple of years.
Good over the long term. If it's in your non-registered account, don't sell. Easier ways to make $$ over the next 12 months.
Greg Newman
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Premium content
Premium contentPremium contentWe reiterate FTT as a TOP PICK following recently reported record high free quarterly cash flow of $330 million. Management commented that order backlogs are growing, while velocity of deliveries is growing. It trades at 11x earnings, 2.1x book and supports a ROE of 20%. We like that cash reserves are growing while debt is retired and shares bought back. We continue to recommend a stop at $34, looking to achieve $49 -- upside potential of 19%. Yield 2.6%
(Analysts’ price target is $49.33)Premium contentWe reiterate FTT, the largest dealer of Caterpillar heavy equipment in the world, as a TOP PICK. They announced $700 million of new orders in April, with orders from Chile, Canada, the UK and Ireland. It trades at 12x earnings, under 2.5x book and supports a 20% ROE. We like that cash reserves are growing, while debt is retired and shares 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 $48.38)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.
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Finning Int (FTT.TO) Frequently Asked Questions
What is Finning Int stock symbol?
Finning Int is a Canadian stock, trading under the symbol FTT.TO (previously FTT-T on Stockchase) on the Toronto Stock Exchange (FTT-CT). It is usually referred to as TSX:FTT or FTT.TO
Is Finning Int a buy or a sell?
In the last year, 3 stock analysts issued a Buy, Sell, or Hold rating on FTT.TO (previously FTT-T on Stockchase). 2 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is WATCH. 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 Tim Regan on 2026-07-29. 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 Finning Int.
Is Finning Int worth watching?
Finning Int is followed by 234 investors on Stockchase and is a trending stock that is worth watching.
What is Finning Int stock price?
On 2026-08-19, Finning Int (FTT.TO) stock closed at a price of $93.19.
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Biggest Caterpillar dealer. Had a good run. Used to own. His team starts following something when the valuation starts to get reasonable. Trades at a fairly high valuation, also cyclical. Can't tell if the market's calling the end of the cycle or it's just a temporary aberration.