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Showing 1 to 15 of 150 entries
PAST TOP PICK
(A Top Pick Jul 02/21, Down 3%) A play over the next year. If you look at housing demand in US and Canada over the next 5 years, there will be increasing demand for lumber. Trading at only 2x this year's earnings. Earnings for 2022 will be solid.
west coast forestry
PAST TOP PICK
(A Top Pick Aug 12/20, Up 79%) Pattison tried to buy them last year. He bought this as shares went well, and has since rallied strongly. He bought this for the housing boom, but the lumber price surge surprised him. Recently, lumber prices have weakened, but lumber is still at near-historic highs. He expects lumber to rise again.
west coast forestry
TOP PICK
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)
west coast forestry
PAST TOP PICK
(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.
west coast forestry
BUY
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.
west coast forestry
HOLD
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.
west coast forestry
PAST TOP PICK
(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.
west coast forestry
BUY
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.
west coast forestry
TOP PICK
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)
west coast forestry
RISKY BUY
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.
west coast forestry
BUY
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.
west coast forestry
HOLD
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.
west coast forestry
TOP PICK
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)
west coast forestry
BUY on WEAKNESS
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.
west coast forestry
BUY

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.

west coast forestry
Showing 1 to 15 of 150 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 . 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 on . 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 2021-10-19, Canfor Corp (CFP-T) stock closed at a price of $28.44.