Canaccord Financial Inc

CF-T

TSE:CF

4.50
0.57 (14.50%)
Canaccord Genuity Group Inc. is a global, full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada.
More at Wikipedia

Analysis and Opinions about CF-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 28, 2019
Has been tempted to buy it for the valuation, but cannabis and bitcoin generated a lot of revenue for them, but that's since come off. Also, there's the UK headwind. It faces some rocky months ahead. Don't buy it now, but things will shake out in 12 months. Buy it at 0.75 book.
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Has been tempted to buy it for the valuation, but cannabis and bitcoin generated a lot of revenue for them, but that's since come off. Also, there's the UK headwind. It faces some rocky months ahead. Don't buy it now, but things will shake out in 12 months. Buy it at 0.75 book.
DON'T BUY
DON'T BUY
April 9, 2018

It has struggled. Investment banking last year drove this company; they also the rode and cannabis and blackchain wave. Not a cheap stock. Don't add here. They're in a tough world of small caps with limited capital. They've done
fantastically well with cannabis, so kudos for them.

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It has struggled. Investment banking last year drove this company; they also the rode and cannabis and blackchain wave. Not a cheap stock. Don't add here. They're in a tough world of small caps with limited capital. They've done
fantastically well with cannabis, so kudos for them.

WATCH
WATCH
April 2, 2018

There is a bit of a rounded look on the three year chart. Lately the highs are getting higher and the lows are getting higher. It is a cup and handle formation. This is the handle now. You get noise at this point. If it moves up from here then you have a pretty good looking chart. It is in the beginning stages and could end up looking very good.

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There is a bit of a rounded look on the three year chart. Lately the highs are getting higher and the lows are getting higher. It is a cup and handle formation. This is the handle now. You get noise at this point. If it moves up from here then you have a pretty good looking chart. It is in the beginning stages and could end up looking very good.

BUY
BUY
March 13, 2018

This stock is breaking out. We’ve seen these levels before, but not for a couple of years. This stock has been a spotty trader, in terms of volume. There was a good consolidation at $6.50 and it looks to be coming off of that. The volume on the recent upside swing looks good. It might rise to $8 or 9 over the next 6 months. It pays a very small dividend. In terms of fundamentals, it looks like a bargain right now. For example it looks good in terms of earnings and in terms of industry relative value. If it does fall, start reducing at $6.40 or $6.50 and use $5.85 for a full exit.

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This stock is breaking out. We’ve seen these levels before, but not for a couple of years. This stock has been a spotty trader, in terms of volume. There was a good consolidation at $6.50 and it looks to be coming off of that. The volume on the recent upside swing looks good. It might rise to $8 or 9 over the next 6 months. It pays a very small dividend. In terms of fundamentals, it looks like a bargain right now. For example it looks good in terms of earnings and in terms of industry relative value. If it does fall, start reducing at $6.40 or $6.50 and use $5.85 for a full exit.

SPECULATIVE BUY
SPECULATIVE BUY
March 5, 2018

It looks from the chart like the stock is breaking out. In 2011 and 2014 there were spikes. He does not know what is causing the current one. It is a speculative move and probably does not have a lot of longevity in it.

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It looks from the chart like the stock is breaking out. In 2011 and 2014 there were spikes. He does not know what is causing the current one. It is a speculative move and probably does not have a lot of longevity in it.

BUY
BUY
February 20, 2018

They fill the space where Canadian banks aren't, for example they were in cannabis and blockchain before the banks. They've done a good job of getting into innovative spaces, though can be cyclical.

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They fill the space where Canadian banks aren't, for example they were in cannabis and blockchain before the banks. They've done a good job of getting into innovative spaces, though can be cyclical.

DON'T BUY
DON'T BUY
November 24, 2017

Banks are doing well, but unfortunately it is at the expense of the independent brokers in Canada. This is certainly cheap, but the Canadian broker space in general is challenged, because you have the banks on the investment side of things and are doing smaller and smaller things.

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Banks are doing well, but unfortunately it is at the expense of the independent brokers in Canada. This is certainly cheap, but the Canadian broker space in general is challenged, because you have the banks on the investment side of things and are doing smaller and smaller things.

DON'T BUY
DON'T BUY
November 23, 2017

Not doing very well. Chart shows it tried to recover this year, but didn’t quite make it, and it came back down. Looks like this is going to be trading in a narrow range of $4-$6 going forward. There are better things to do with your money.

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Not doing very well. Chart shows it tried to recover this year, but didn’t quite make it, and it came back down. Looks like this is going to be trading in a narrow range of $4-$6 going forward. There are better things to do with your money.

PAST TOP PICK
PAST TOP PICK
August 31, 2017

(Top Pick July6/17, Down 15.23%) It is up since he first recommended it in his newsletter.

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(Top Pick July6/17, Down 15.23%) It is up since he first recommended it in his newsletter.

TOP PICK
TOP PICK
July 6, 2017

They are a top underwriter for the cannabis industry. They combined with Genuity and are now a full fledge multi-industry service investment firm. Not too many people paid attention at their earnings announcement. They are about to buy a UK wealth manager. He expects over a $1 a share in earnings. He has been buying more. (Analysts’ target: $6.50).

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They are a top underwriter for the cannabis industry. They combined with Genuity and are now a full fledge multi-industry service investment firm. Not too many people paid attention at their earnings announcement. They are about to buy a UK wealth manager. He expects over a $1 a share in earnings. He has been buying more. (Analysts’ target: $6.50).

DON'T BUY
DON'T BUY
July 5, 2017

Not quite sure that being Long a Canadian brokerage would be the best place to be over the near term, particularly given that he is not that rosy about the Canadian economy in general. It is a very, very hyper competitive industry they are operating in, with margins being compressed from every direction. However, it is diversifying into other countries, the UK, which is an interesting contrarian play because of the BREXIT overhang. Trading below BV and also have considerable retail assets that would be worth something to a potential acquirer.

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Not quite sure that being Long a Canadian brokerage would be the best place to be over the near term, particularly given that he is not that rosy about the Canadian economy in general. It is a very, very hyper competitive industry they are operating in, with margins being compressed from every direction. However, it is diversifying into other countries, the UK, which is an interesting contrarian play because of the BREXIT overhang. Trading below BV and also have considerable retail assets that would be worth something to a potential acquirer.

COMMENT
COMMENT
May 26, 2017

The major 4th retail operator currently listed. It has been through difficult times. The markets have been difficult. They lost their president. Has some very interesting properties in Australia and the US. Volumes have not been tremendous on the stock and IPO markets for the most part. Doesn’t see anything that is going to crank the handle in the near term. If you see something more exciting, then put the cash there. He sold his holdings.

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The major 4th retail operator currently listed. It has been through difficult times. The markets have been difficult. They lost their president. Has some very interesting properties in Australia and the US. Volumes have not been tremendous on the stock and IPO markets for the most part. Doesn’t see anything that is going to crank the handle in the near term. If you see something more exciting, then put the cash there. He sold his holdings.

COMMENT
COMMENT
May 9, 2017

Preferred C. This will reset at the 5 year Canada rate, around 3.75%. Why is it at $18, instead of $25, which would normally be the issuance value? 5-6 years ago, the rage was Reset Preferreds because rates were low and if rates went up, there would be a higher yield when it reset. Instead of going up though, rates fell. Therefore at reset, at 3.75% over our Canada 5 year of about 80 basis points, it is going to be reset with a 4.5% yield. The risk doesn’t necessarily correspond with a 4.5% yield that you would get on other safer preferreds. The market doesn’t like that, so it is not going to pay you for value. As long as interest rates stay low, it is a great thing for the issuer because it is a cheap preferred. Unfortunately, it will trade at around $18 for a while.

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Preferred C. This will reset at the 5 year Canada rate, around 3.75%. Why is it at $18, instead of $25, which would normally be the issuance value? 5-6 years ago, the rage was Reset Preferreds because rates were low and if rates went up, there would be a higher yield when it reset. Instead of going up though, rates fell. Therefore at reset, at 3.75% over our Canada 5 year of about 80 basis points, it is going to be reset with a 4.5% yield. The risk doesn’t necessarily correspond with a 4.5% yield that you would get on other safer preferreds. The market doesn’t like that, so it is not going to pay you for value. As long as interest rates stay low, it is a great thing for the issuer because it is a cheap preferred. Unfortunately, it will trade at around $18 for a while.

DON'T BUY
DON'T BUY
April 25, 2017

Their season is from October into April. Chart shows a long downward drop from 2014 until early 2016, at which time it started basing. He doesn’t have a lot of faith that the stock will have an uptick at this point. Wait for that to take place, and come back to it in October.

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Their season is from October into April. Chart shows a long downward drop from 2014 until early 2016, at which time it started basing. He doesn’t have a lot of faith that the stock will have an uptick at this point. Wait for that to take place, and come back to it in October.

WATCH
WATCH
April 3, 2017

It is a rounded bottom. This is a positive development.

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It is a rounded bottom. This is a positive development.

Showing 1 to 15 of 93 entries

Canaccord Financial Inc(CF-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Canaccord Financial Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canaccord Financial Inc(CF-T) Frequently Asked Questions

What is Canaccord Financial Inc stock symbol?

Canaccord Financial Inc is a Canadian stock, trading under the symbol CF-T on the Toronto Stock Exchange (CF-CT). It is usually referred to as TSX:CF or CF-T

Is Canaccord Financial Inc a buy or a sell?

In the last year, 1 stock analyst published opinions about CF-T. 0 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Canaccord Financial Inc.

Is Canaccord Financial Inc a good investment or a top pick?

Canaccord Financial Inc was recommended as a Top Pick by James Telfser on 2019-08-28. Read the latest stock experts ratings for Canaccord Financial Inc.

Why is Canaccord Financial Inc stock dropping?

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.

Is Canaccord Financial Inc worth watching?

1 stock analyst on Stockchase covered Canaccord Financial Inc In the last year. It is a trending stock that is worth watching.

What is Canaccord Financial Inc stock price?

On 2020-04-06, Canaccord Financial Inc (CF-T) stock closed at a price of $4.5.