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Canfor Corp

CFP-T

TSE:CFP

23.19
1.01 (4.17%)
Canfor Corporation is a Canadian integrated forest products company based in Vancouver, British Columbia.
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Analysis and Opinions about CFP-T

Signal
Opinion
Expert
Chart
TOP PICK
TOP PICK
July 2, 2021
Largest operator in North America of lumber mills. After a decade of low lumber prices, Canadian lumber capacity has severely curtailed. This gives the backdrop for huge cash flows out of forest products area. Trading at 2x 2021 earnings. Could double over the next year. (Analysts’ price target is $43.00)
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Canfor Corp (CFP-T)
July 2, 2021
Largest operator in North America of lumber mills. After a decade of low lumber prices, Canadian lumber capacity has severely curtailed. This gives the backdrop for huge cash flows out of forest products area. Trading at 2x 2021 earnings. Could double over the next year. (Analysts’ price target is $43.00)
Alex Ruus
Price
$27.950
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 17, 2021
(A Top Pick Jan 27/20, Up 109%) He sold, albeit early. A commodity, so can be cyclical. Demand continues to be strong in NA, with tight market supply.
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Canfor Corp (CFP-T)
March 17, 2021
(A Top Pick Jan 27/20, Up 109%) He sold, albeit early. A commodity, so can be cyclical. Demand continues to be strong in NA, with tight market supply.
Colin Stewart
Price
$26.460
Owned
No
BUY
BUY
February 22, 2021
The commodity price is the big driver. New home building is strong as is renovation. A lot of supply was take out going into COVID. It is hard for them to ramp up any capacity so the prices continue to be high. Having a very large shareholder makes them a little more focused on the longer term and support of a major shareholder is never a bad idea. She thinks the price of lumber will be higher for longer.
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Canfor Corp (CFP-T)
February 22, 2021
The commodity price is the big driver. New home building is strong as is renovation. A lot of supply was take out going into COVID. It is hard for them to ramp up any capacity so the prices continue to be high. Having a very large shareholder makes them a little more focused on the longer term and support of a major shareholder is never a bad idea. She thinks the price of lumber will be higher for longer.
Jennifer Radman
Price
$25.450
Owned
Yes
HOLD
HOLD
January 18, 2021
They have benefited from the strength in housing. It is a very cyclical industry and not one she typically goes into. Hold it for now but watch lumber prices. She is positive on the housing market in the US.
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Canfor Corp (CFP-T)
January 18, 2021
They have benefited from the strength in housing. It is a very cyclical industry and not one she typically goes into. Hold it for now but watch lumber prices. She is positive on the housing market in the US.
Christine Poole
Price
$22.420
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
January 4, 2021
(A Top Pick Dec 26/20, Up 81%) He sold mid-last year, too soon. Housing proved to be very strong. He would buy it again if lumber prices pulled back again.
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Canfor Corp (CFP-T)
January 4, 2021
(A Top Pick Dec 26/20, Up 81%) He sold mid-last year, too soon. Housing proved to be very strong. He would buy it again if lumber prices pulled back again.
Colin Stewart
Price
$22.720
Owned
No
BUY
BUY
September 2, 2020
Allan Tong’s Discover Picks During the depths of the lockdown, the price of lumber in the CME futures has tripled since April 1 to nearly touch US$828 (per thousand board feet) just recently. There are no signs yet to show a slowdown in demand. Meanwhile, Canfor is still only halfway to its all-time highs above $32, last touched in May 2018. Read BBY Stock, HD Stock and CFP Stock: Top 3 Stocks for the Homebody Trend for our full analysis.
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Canfor Corp (CFP-T)
September 2, 2020
Allan Tong’s Discover Picks During the depths of the lockdown, the price of lumber in the CME futures has tripled since April 1 to nearly touch US$828 (per thousand board feet) just recently. There are no signs yet to show a slowdown in demand. Meanwhile, Canfor is still only halfway to its all-time highs above $32, last touched in May 2018. Read BBY Stock, HD Stock and CFP Stock: Top 3 Stocks for the Homebody Trend for our full analysis.
TOP PICK
TOP PICK
August 12, 2020
Underlying price of lumber is at all-time highs. Stock is still at 50% below all-time highs. Remarkably strong home-building demand. Scores high on price momentum and value. (Analysts’ price target is $18.71)
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Canfor Corp (CFP-T)
August 12, 2020
Underlying price of lumber is at all-time highs. Stock is still at 50% below all-time highs. Remarkably strong home-building demand. Scores high on price momentum and value. (Analysts’ price target is $18.71)
Jason Mann
Price
$15.550
Owned
Yes
RISKY BUY
RISKY BUY
July 17, 2020
The balance sheet is fairly weak. Back in 2019 there was a movement to buy this company by another. Nothing ever happened and since then it has moved back up to book value. When he looks to the US and seeing housing builds going up, he thinks it is helping lumber stocks like this one. Historically it has tended to peak at twice book value. If everything continues to work out and US housing continues to flourish this stock has room to go. Technical support is about $13.25. If this level were to be violated he would think it will fall further. He worries that high unemployment in the US could scuttle the housing market.
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Canfor Corp (CFP-T)
July 17, 2020
The balance sheet is fairly weak. Back in 2019 there was a movement to buy this company by another. Nothing ever happened and since then it has moved back up to book value. When he looks to the US and seeing housing builds going up, he thinks it is helping lumber stocks like this one. Historically it has tended to peak at twice book value. If everything continues to work out and US housing continues to flourish this stock has room to go. Technical support is about $13.25. If this level were to be violated he would think it will fall further. He worries that high unemployment in the US could scuttle the housing market.
Ross Healy
Price
$15.100
Owned
No
BUY
BUY
June 11, 2020
You want to buy cyclical at the end of a recession, but you have to be careful and selective. You don't want the ones with the most torque to recovery. CFP-T would be one to select. It will be around.
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Canfor Corp (CFP-T)
June 11, 2020
You want to buy cyclical at the end of a recession, but you have to be careful and selective. You don't want the ones with the most torque to recovery. CFP-T would be one to select. It will be around.
Brian Madden
Price
$11.570
Owned
Unknown
HOLD
HOLD
June 4, 2020
The bid for it failed because shareholders rejected it. The stock fell since then and has started to recover. It is neutral for him. We are seeing strong home-building in and low interest rates so it should benefit. You want to see some earnings come through as the cycles comes up.
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Canfor Corp (CFP-T)
June 4, 2020
The bid for it failed because shareholders rejected it. The stock fell since then and has started to recover. It is neutral for him. We are seeing strong home-building in and low interest rates so it should benefit. You want to see some earnings come through as the cycles comes up.
Jason Mann
Price
$10.960
Owned
Unknown
TOP PICK
TOP PICK
January 27, 2020
Lumber prices and stocks were under a lot of pressure last year. Today you have strong US housing and demand. This is an attractive entry point. A bid to take it private was withdrawn and the stock dropped. (Analysts’ price target is $16.38)
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Canfor Corp (CFP-T)
January 27, 2020
Lumber prices and stocks were under a lot of pressure last year. Today you have strong US housing and demand. This is an attractive entry point. A bid to take it private was withdrawn and the stock dropped. (Analysts’ price target is $16.38)
Colin Stewart
Price
$12.830
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
December 17, 2019
Jim Pattison's bid to go private has ended. Buy on weakness; offers solid, long-term value. Pattison sees value. But be patient with this one. With the rejection, expect overreaction to the downside. Buy around $11-12.
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Canfor Corp (CFP-T)
December 17, 2019
Jim Pattison's bid to go private has ended. Buy on weakness; offers solid, long-term value. Pattison sees value. But be patient with this one. With the rejection, expect overreaction to the downside. Buy around $11-12.
BUY
BUY
December 16, 2019

It is going to be a close call as to whether the tender results in their favour. There have been dissenters. BC has had it really rough in the forestry industry. The US housing market is picking up so you are seeing lumber prices picking up. They are the largest lumber producer and the lowest cost producer.

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Canfor Corp (CFP-T)
December 16, 2019

It is going to be a close call as to whether the tender results in their favour. There have been dissenters. BC has had it really rough in the forestry industry. The US housing market is picking up so you are seeing lumber prices picking up. They are the largest lumber producer and the lowest cost producer.

Teal Linde
Price
$15.450
Owned
Unknown
RISKY BUY
RISKY BUY
November 1, 2019
It is in the middle of a takeover, where it has agreed to be taken over by a majority shareholder. Not all the shareholders are happy about this. It is being sold at cycle lows. At $16 per share today it was an 80% premium to where the shares traded the day before the offer. There may be some arbitrage value, if they can get $16.50-$17.00, but there is not much upside from here.
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Canfor Corp (CFP-T)
November 1, 2019
It is in the middle of a takeover, where it has agreed to be taken over by a majority shareholder. Not all the shareholders are happy about this. It is being sold at cycle lows. At $16 per share today it was an 80% premium to where the shares traded the day before the offer. There may be some arbitrage value, if they can get $16.50-$17.00, but there is not much upside from here.
Jason Mann
Price
$15.920
Owned
Unknown
DON'T BUY
DON'T BUY
July 22, 2019
Lumber prices are trending down this year and we're closer to the bottom. This is also a seasonal stock with great Decembers-Januaries, so maybe buy in the fall. Home building remains decent in the U.S., too. Forestry is a tough space and highly cyclical.
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Canfor Corp (CFP-T)
July 22, 2019
Lumber prices are trending down this year and we're closer to the bottom. This is also a seasonal stock with great Decembers-Januaries, so maybe buy in the fall. Home building remains decent in the U.S., too. Forestry is a tough space and highly cyclical.
Gerard Ferguson
Price
$10.450
Owned
Unknown
Showing 1 to 15 of 148 entries

Canfor Corp(CFP-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 6

Stockchase rating for Canfor Corp 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.

Canfor Corp(CFP-T) Frequently Asked Questions

What is Canfor Corp stock symbol?

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

Is Canfor Corp a buy or a sell?

In the last year, 6 stock analysts published opinions about CFP-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Canfor Corp.

Is Canfor Corp a good investment or a top pick?

Canfor Corp was recommended as a Top Pick by Alex Ruus on 2021-07-02. Read the latest stock experts ratings for Canfor Corp.

Why is Canfor Corp 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 Canfor Corp worth watching?

6 stock analysts on Stockchase covered Canfor Corp In the last year. It is a trending stock that is worth watching.

What is Canfor Corp stock price?

On 2021-07-28, Canfor Corp (CFP-T) stock closed at a price of $23.19.