(FTT) Finning International - Ratings and Ratios

Finning International Inc. is a leading global distributor of heavy equipment, engines, and related products, serving various industries such as agriculture, construction, forestry, mining, and power systems across Canada, Chile, the UK, Argentina, and internationally. The companys extensive product portfolio includes a wide range of heavy machinery and equipment, as well as power systems and services such as maintenance, repair, and financing. With a strong presence in multiple markets, Finning International Inc. is well-positioned to capitalize on growth opportunities in the heavy equipment and power systems sectors.

From a technical analysis perspective, Finning International Inc.s stock price has been trending upwards, with the short-term Simple Moving Average (SMA20) at $49.45 and the long-term SMA200 at $40.40, indicating a bullish signal. The Average True Range (ATR) is 1.45, representing a 2.74% daily price movement, suggesting moderate volatility. With the current price at $52.73, near the 52-week high, the stock is likely to continue its upward momentum.

Fundamentally, Finning International Inc. has a market capitalization of $6.7 billion CAD, with a price-to-earnings ratio of 14.03 and a forward P/E of 12.02, indicating a relatively attractive valuation. The companys return on equity (RoE) is 18.82%, demonstrating strong profitability. With a solid financial foundation and a diverse product portfolio, Finning International Inc. is poised for continued growth.

Based on the technical and fundamental analysis, a forecast for Finning International Inc. is as follows: with the stock price near its 52-week high and a bullish trend indicated by the SMA20 and SMA50, we can expect the price to continue its upward trajectory. Assuming a moderate growth rate and considering the companys strong financials, we forecast the stock price to reach $60 within the next 12-18 months, representing a potential upside of 13.8% from the current price. However, its essential to monitor the companys future earnings reports and industry trends to adjust the forecast accordingly.