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Wall Street makes new highs after Powell commentsMarkets hit 52-week highsBank earnings, cooler inflation lift marketsThis summary was created by AI, based on 2 opinions in the last 12 months.
The experts have differing opinions on Canfor Corp (CFP-T). One expert believes that the company is very cyclical and has been impacted by higher rates leading to lower housing starts. They also mention that the company is more of a trading vehicle than a long-term hold. On the other hand, another expert expresses concern about the company's balance sheet, with forecasts of 60% downside and massive losses. Overall, there is uncertainty and caution surrounding Canfor Corp's performance in the market.
The market doesn't believe their balance sheet; shares keep falling. He forecasts 60% downside. Massive losses for the company.
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.
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, 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.
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.
1 stock analyst on Stockchase covered Canfor Corp In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Canfor Corp (CFP-T) stock closed at a price of $17.
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.