Finning International Inc. has seen a remarkable 20% increase in its stock price over the past month, driven by strong earnings and strategic acquisitions. The company's recent acquisition of John F Hunt Power Group is expected to significantly boost its power rental revenue in the UK and Ireland.
In the last month, Finning International Inc. has emerged as a top performer on the TSX, with a notable 20% gain in its stock price. This surge follows the company's strong second-quarter earnings report, which highlighted record revenue and earnings per share, alongside the announcement of its acquisition of John F Hunt Power Group. This strategic move is set to enhance Finning's capabilities in the power rental market, further solidifying its growth trajectory.
Investor takeaway: Long-term investors should view Finning's recent performance as a positive indicator of its growth potential and market positioning.
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Finning International Inc.
FTT.TO
FTT.TO
Finning International Inc.
WealthAwesomeMarket cap
$13.85B
P/E
25.4x
Div. yield
1.17%
Div. / share
$1.23
52W high
$115.60
52W low
$65.23
1W change
-5.55%
Beta
1.21
Analyst Price Targets
Based on analyst covering FTT · as of Sep 30, 2026
Wall Street analysts forecast FTT stock price to rise 15.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$122.20
+15.2% Upside
Previously C$121.67 on Sep 17, 2026
Current Price
C$106.07
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FTT's historical volatility
30-Day Vol
39.7%
Annualized
90-Day Vol
44.2%
Annualized
Trend (90d)
-2.2%
Annualized drift
90d Mean
C$105.25
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$105.80 | C$92.27 – C$121.31 |
| 60 trading days | C$105.53 | C$86.96 – C$128.06 |
| 90 trading days | C$105.25 | C$83.04 – C$133.40 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Finning’s Earnings Report: A Catalyst for Growth
Finning's recent earnings report revealed a 20% increase in revenue year-over-year, reaching CA$3.1 billion, alongside an impressive earnings per share of CA$1.22. This strong financial performance, coupled with a robust backlog and strategic acquisitions, has positioned the company for continued growth, contributing to its 20% stock price increase over the past month.
Bull case
- Strong Financial Performance: Finning reported record revenue exceeding CA$3 billion for the first time, thanks to a 20% year-over-year increase.
- Strategic Acquisition: The acquisition of John F Hunt Power Group is expected to triple its power rental revenue in the UK and Ireland, expanding its market reach.
- Robust Backlog: The company has a record equipment backlog of CA$3.8 billion, indicating strong future demand across its sectors.
Bear case
- Market Volatility: Changes in the global economy could affect demand for equipment and services.
- Integration Risks: The success of the acquisition relies on effective integration and achieving projected synergies.
- Profit Margin Pressure: Increased competition and rising costs may put pressure on profit margins in the future.
Why Finning's Acquisition is a Game Changer
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Finning's acquisition of John F Hunt Power Group is a strategic move that significantly enhances its power rental capabilities in the UK and Ireland. This acquisition not only expands Finning's service offerings but is also projected to triple its power rental revenue in these markets. The integration of John F Hunt's established operations and customer base will likely accelerate Finning's growth trajectory in the power generation sector, which is increasingly important as demand for reliable energy solutions rises.
Record Earnings Drive Investor Confidence
Finning's recent earnings report showcased a remarkable 20% increase in revenue, marking the first time the company exceeded CA$3 billion in a quarter. The strong performance was attributed to robust equipment sales and a growing product support segment. With earnings per share rising to CA$1.22, up 21% from the previous year, investor confidence has surged, contributing to the stock's impressive 20% gain over the past month. This financial momentum positions Finning well for future growth.
The Importance of a Strong Backlog
Finning's equipment backlog remains at a record level of CA$3.8 billion, indicating strong future demand for its products and services. This backlog, which has increased by 22% since the beginning of the year, is a critical indicator of the company's operational health and growth potential. As order intake continues to outpace deliveries, Finning is well-positioned to capitalize on its strong market presence, particularly in the mining and power sectors.
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