TSE:CFP

15.31
0.04 (0.26%) 1d
0

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Investor Insights

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.

Consensus
Mixed
Valuation
Undervalued
WATCH
Canfor Corp

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.

west coast forestry
TRADE
Canfor Corp

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.

west coast forestry
DON'T BUY
Canfor Corp

The market doesn't believe their balance sheet; shares keep falling. He forecasts 60% downside. Massive losses for the company.

west coast forestry
WATCH
Canfor Corp
He sold all lumber stocks after the huge runup. But if he had to look at one, this would be it. Over $10 cash per share, with stock at $24, which means over 40% of company value is net cash. Lots of optionality. Intriguing.
west coast forestry
BUY ON WEAKNESS
Canfor Corp
Demand for wood products rising. Lumber will continue to be in demand for housing and energy. Buy on weakness.
west coast forestry
PAST TOP PICK
Canfor Corp
(A Top Pick Jul 02/21, Down 8%) Will continue to hold as still thinks a strong company. Currently trading at 2x earnings. Stock very attractive at current price. Volatility in lumber pricing creating opportunity for long term investors.
west coast forestry
PAST TOP PICK
Canfor Corp
(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
Canfor Corp
(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
Canfor Corp
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
Canfor Corp
(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
Canfor Corp
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
Canfor Corp
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
Canfor Corp
(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
Canfor Corp

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
Canfor Corp
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
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Canfor Corp(CFP-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 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, 1 stock analyst published opinions about CFP-T. 0 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.

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?

1 stock analyst 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 2024-05-17, Canfor Corp (CFP-T) stock closed at a price of $15.31.