Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Finning International Inc.    FTT   CA3180714048

FINNING INTERNATIONAL INC. (FTT)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 06/22 11:40:00 pm
32.99 CAD   -0.60%
06/19CATERPILLAR : Finning back in the black
AQ
05/24FINNING INTERNA : Ex-dividend day for
FA
05/11FINNING INTERNA : Reports on Voting Results from its Annual Meeting ..
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Mattress to motor coach stocks in favor as Canada investors steel for trade wars

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/06/2018 | 05:47pm CEST

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

Stocks mentioned in the article
ChangeLast1st jan.
CGI -0.17% 83.7 Delayed Quote.22.71%
S&P/TSX COMPOSITE INDEX 0.70% 16450.14 Delayed Quote.0.66%
SLEEP COUNTRY CANADA HOLDINGS INC -1.24% 34.12 Delayed Quote.3.71%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FINNING INTERNATIONAL INC.
06/19CATERPILLAR : Finning back in the black
AQ
05/25FINNING INTERNATIONAL : Patent Issued for Stand for Machine Components (USPTO 99..
AQ
05/24FINNING INTERNATIONAL INC. : Ex-dividend day for
FA
05/11FINNING INTERNATIONAL : Reports on Voting Results from its Annual Meeting of Sha..
AQ
05/10FINNING INTERNATIONAL : reports Q1 2018 results and increases dividend
AQ
05/07FINNING INTERNATIONAL INC. : quaterly earnings release
05/07FINNING INTERNATIONAL : Announces Renewal of Share Repurchase Program
AQ
05/07FINNING INTERNATIONAL : Cat Dealer Finning Releases Sustainability Report
AQ
05/02FINNING INTERNATIONAL : releases its first Sustainability Report
AQ
04/26FINNING INTERNATIONAL : to release Q1 2018 results, hold investor call, and host..
AQ
More news
News from SeekingAlpha
06/08Forge First Funds May 2018 Commentary - The Inevitable Rise Of Inflation Thro.. 
05/13Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of.. 
05/11Finning International's (FINGF) CEO Scott Thomson on Q1 2018 Results - Earnin.. 
05/10Finning International reports Q1 results 
05/10Finning International declares $0.20 dividend 
Financials ( CAD)
Sales 2018 6 961 M
EBIT 2018 484 M
Net income 2018 306 M
Debt 2018 922 M
Yield 2018 2,36%
P/E ratio 2018 18,24
P/E ratio 2019 15,25
EV / Sales 2018 0,97x
EV / Sales 2019 0,91x
Capitalization 5 843 M
Chart FINNING INTERNATIONAL INC.
Duration : Period :
Finning International Inc. Technical Analysis Chart | FTT | CA3180714048 | 4-Traders
Technical analysis trends FINNING INTERNATIONAL INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 38,8  CAD
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
L. Scott Thomson President, CEO & Non-Independent Director
Douglas William Geoffrey Whitehead Chairman
Juan Carlos Villegas Chief Operating Officer
Steven M. Nielsen Chief Financial Officer & Executive Vice President
David W. Cummings Chief Information Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
FINNING INTERNATIONAL INC.9.36%4 391
WORLDPAY INC7.04%26 611
CINTAS CORPORATION22.28%20 307
UNITED RENTALS-5.95%13 517
INTERTEK GROUP9.25%12 146
BUREAU VERITAS0.92%11 898