This summary was created by AI, based on 2 opinions in the last 12 months.
Experts have differing opinions on Canfor Corp (CFP-T). One expert believes that the company is very cyclical and is influenced by higher rates, resulting in lower housing starts. They consider it more as a trading vehicle than a long-term hold. Another expert is concerned about the company's balance sheet and forecasts a 60% downside, predicting massive losses. Overall, there are significant concerns about Canfor Corp's performance and future prospects.
TOL is one of the biggest homebuilders in the US, and a leading indicator. When it starts to go, as it has in the last few days, it's usually good for the lumber stocks.
It looks like it is at a bottom which it has hit three times and it is close to its $14 support level. He doesn't see a reversal from its long downward drop. Be careful - sell if it goes below $13.75.
Shows the struggles in forestry and wood products. Now in the part of the cycle of reducing capacity. US market is what will drive the upside, but rebound could be 3 months or 2 years away. You could start looking at it.
Very cyclical. Higher rates have meant lower housing starts. She doesn't play in the pure-play commodity space too much, more trading vehicles than long-term holds.
The market doesn't believe their balance sheet; shares keep falling. He forecasts 60% downside. Massive losses for the company.
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, 3 stock analysts published opinions about CFP-T. 2 analysts recommended to BUY the stock. 1 analyst 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.
3 stock analysts on Stockchase covered Canfor Corp In the last year. It is a trending stock that is worth watching.
On 2024-10-07, Canfor Corp (CFP-T) stock closed at a price of $16.9.
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.