Related posts
Nervous markets await NvidiaThis summary was created by AI, based on 4 opinions in the last 12 months.
Canfor Corp (CFP-T) is experiencing challenging market conditions, particularly in the Canadian forestry sector, as highlighted by various experts. While homebuilding stocks in the US are on the rise, Canadian forestry stocks have faced a downward trend, with Canfor being one of the entities affected. Recent analysis suggests that Canfor's stock may be nearing a bottom, hitting support levels around $14, but concerns remain about its long-term performance, especially as the stock could drop below $13.75. The potential influence of lower interest rates on the market dynamics is noted, alongside the observation that large US homebuilders like TOL might lead to a positive shift for lumber stocks. Despite the current struggles within the forestry sector, experts encourage monitoring Canfor for possible investment opportunities amid ongoing market volatility.
Canfor Corp is a Canadian stock, trading under the symbol CFP-T on the Toronto Stock Exchange (CFP-CT). It is usually referred to as TSX:CFP or CFP-T
In the last year, 2 stock analysts published opinions about CFP-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canfor Corp.
Canfor Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Canfor Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Canfor Corp In the last year. It is a trending stock that is worth watching.
On 2025-04-30, Canfor Corp (CFP-T) stock closed at a price of $13.095.
Homebuilding stocks in the US have been going straight up, but Canadian forestry stocks have been going the other way. WFG has done the best in holding its share price.
IFP and CFP have really started to bottom on the charts. He hasn't done enough digging to know who has a better earnings profile. But looking at the charts, one of these might be a good bet to catch up to WFG and to the US homebuilders. Lower interest rates will have an impact as well.