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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Finning International Inc.    FTT   CA3180714048

FINNING INTERNATIONAL INC.

(FTT)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 04/15 04:00:00 pm
31.91 CAD   +1.01%
03/30FINNING INTERNATIONAL  : Releases 2020 Sustainability Report
AQ
02/24FINNING INTERNATIONAL INC. : Ex-dividend day for
FA
02/09FINNING INTERNATIONAL  : Q4 Profit Rises 44% Despite a Drop in Revenue
MT
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Mattress to motor coach stocks in favor as Canada investors steel for trade wars

03/06/2018 | 11:47am EDT

TORONTO (Reuters) - Canadian fund managers are crunching numbers to trade-proof their portfolios, as the threat of U.S. tariffs boosts the appeal of domestic-focused names and shares of companies that have production capacity in the United States.

The prospect of a trade war has rattled global financial markets, including the shares of Canada's many export-driven companies such as those in the auto-parts, railroad and resource industries.

Canada's benchmark share index <.GSPTSE> has dropped 4 percent this year, compared with a 0.5 percent gain for the MSCI World Index <.WORLD>.

"Whatever we own we try to make sure that they won't be too disrupted by trade," said Steve Belisle, senior portfolio manager at Manulife Asset Management. "In some cases because they have (production) capacity in the U.S."

Belisle name-checked transit bus and motor coach company New Flyer Industries Inc , which manufactures in the United States.

Rather than plunge into defensive sectors such as utilities and telecom, investors are sticking with companies that will benefit from global economic strength and looking for ETF-related arbitrage opportunities. They are weeding out stocks that could be hurt most if the outlook for free trade does worsen.

"We have been holding slightly elevated levels of cash, and have been deploying selectively on big down days in the past month," said Mike Archibald, associate portfolio manager at AGF Investments, adding that Canadian autos continue to represent a risky part of the market.

Stocks that Archibald has bought include mattress retailer Sleep Country Canada Holdings Inc, which targets the domestic market. Its shares jumped after reporting strong fourth-quarter results last week.

A number of countries, including Canada, have threatened to retaliate against planned U.S. import tariffs on steel and aluminum. Canada, the largest supplier of both metals to the United States, is also contending with the potential collapse of the North American Free Trade agreement.

At AIP Asset Management Inc, portfolio manager Jay Bala looks to take advantage of the potential different pricing of the same securities as investors rush to exit exchange traded funds, such as the iShares S&P/TSX 60 Index ETF, which hold some stocks that could be affected by tariffs.

"More aggressive investors could short the ETF and buy the stocks or sectors which have not been impacted," Bala said.

Investors are also assessing the potential for tariffs to boost inflation and push bond yields higher even if economic growth slows.

"You have to be careful where you want to hide because you don't want to be hiding in areas that are going to be hurt due to the higher rates," said Greg Taylor, portfolio manager at Redwood Asset Management.

He favors banks, such as Toronto-Dominion Bank and Royal Bank of Canada, that could benefit from a steeper yield curve and have U.S. operations.

"They are going to be more immunized from a trade war if they are already doing a lot of U.S. business directly with Americans," Taylor said.

(Reporting by Fergal Smith; Editing by Denny Thomas and David Gregorio)

By Fergal Smith


© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.01% 0.7961 Delayed Quote.1.53%
FINNING INTERNATIONAL INC. 1.01% 31.91 Delayed Quote.16.87%
JUST GROUP PLC 0.29% 105 Delayed Quote.50.21%
LETS HOLDINGS GROUP CO., LTD. -0.89% 7.77 End-of-day quote.-0.13%
LOOK HOLDINGS INCORPORATED -0.48% 1254 End-of-day quote.31.03%
MSCI WORLD INDEX (STRD, UHD) 0.97% 2941.747 Real-time Quote.8.31%
PROSPECT CO., LTD. -2.78% 35 End-of-day quote.16.67%
S&P/TSX 60 INDEX 0.74% 1152.02 Delayed Quote.10.66%
S&P/TSX COMPOSITE INDEX 0.78% 19321.92 Delayed Quote.9.97%
SLEEP COUNTRY CANADA HOLDINGS INC. 0.81% 31.28 Delayed Quote.17.23%
US DOLLAR / CANADIAN DOLLAR (USD/CAD) 0.04% 1.2548 Delayed Quote.-1.53%
WILL GROUP, INC. 0.37% 1098 End-of-day quote.9.15%
WORLD CO., LTD. -0.68% 1458 End-of-day quote.16.36%
All news about FINNING INTERNATIONAL INC.
03/30FINNING INTERNATIONAL  : Releases 2020 Sustainability Report
AQ
02/24FINNING INTERNATIONAL INC. : Ex-dividend day for
FA
02/09FINNING INTERNATIONAL  : Q4 Profit Rises 44% Despite a Drop in Revenue
MT
02/09FINNING INTERNATIONAL  : Earnings Flash (FTT.TO) FINNING INTERNATIONAL Posts Q4 ..
MT
02/09FINNING INTERNATIONAL  : Earnings Flash (FTT.TO) FINNING INTERNATIONAL Reports Q..
MT
02/09FINNING INTERNATIONAL  : reports Q4 and Annual 2020 results
AQ
01/26FINNING INTERNATIONAL  : to Release Q4 and Annual 2020 Results on February 9 and..
AQ
01/12FINNING INTERNATIONAL  : RBC Capital Initiates Coverage of Finning International..
MT
2020FINNING INTERNATIONAL INC. : Ex-dividend day for
FA
2020TSX rises 0.41% to 16,003.71
RE
More news
Financials
Sales 2021 6 525 M 5 200 M 5 200 M
Net income 2021 272 M 217 M 217 M
Net Debt 2021 919 M 732 M 732 M
P/E ratio 2021 18,7x
Yield 2021 2,72%
Capitalization 5 127 M 4 085 M 4 086 M
EV / Sales 2021 0,93x
EV / Sales 2022 0,87x
Nbr of Employees 13 188
Free-Float 99,7%
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Technical analysis trends FINNING INTERNATIONAL INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 35,50 CAD
Last Close Price 31,59 CAD
Spread / Highest target 23,5%
Spread / Average Target 12,4%
Spread / Lowest Target 4,46%
EPS Revisions
Managers and Directors
NameTitle
Lawren Scott Thomson President, CEO & Non-Independent Director
Greg Palaschuk Chief Financial Officer
Harold N. Kvisle Chairman
David W. Cummings Chief Digital Officer & Executive Vice President
Kathleen M. O'Neill Independent Director
Sector and Competitors
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TITAN MACHINERY INC.33.76%579
FERRONORDIC AB (PUBL)31.51%356
WAJAX CORPORATION14.98%335