Canfor Corp. (CFPZF) Stock Forecast & Predictions

Canfor Corporation CFPZF: $24.57

1700 West 75th Avenue, Vancouver, BC, CA. | Sector: Non-Energy Minerals | Exchange: US OTC | Web: http://www.canfor.com

  • Market Cap$3.17B
  • Change (52 Weeks)382.78%
  • Low (52 Weeks)$5.68
  • Canfor Corp. (CFPZF) Forecast Based on Technical Analysis


    Neutral
    Based on 17 Technical Indicators where 35.29% are on Buy, 23.53% on Sell, and 41.18% Neutral.

    According to the market data, Canfor Corp. (CFPZF) stock price is $24.57 and the 52 weeks low is $5.68, which means the Canfor Corp. stock price is up 382.78% in the last 12 months.

    Canfor Corp. (CFPZF) Stock Price has been Trending Strongly with an ADX reading of 52.65 as per the Weekly Chart.

    A Upward trend indicates that Canfor Corp. (CFPZF) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 17 technical indicators, 35.29% are indicating that CFPZF Stock price might rise further, 23.53% indicating that CFPZF Stock price might fall, and 41.18% are in a neutral position.

    Based on these technical algorithms, overall CFPZF stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Canfor Corp. (CFPZF) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Canfor Corp. (CFPZF) is based on 10 Institutional Analyst Ratings where 70.00% are on Strong Buy, 20.00% on Moderate Buy, 10.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 10 Institutional Analysts, majority recommended CFPZF stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Canfor Corp..

    Canfor Corp. (CFPZF) Stock Forecast Based on News Sentiment


    Bullish
    Based on 3 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about CFPZF, it shows that Canfor Corp. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that CFPZF stock price may surge in the next few weeks.

    Canfor Corp. (CFPZF) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    CIBC World MarketsOutperformUpgraded
    CIBC World MarketsOutperformInitiated
    SbankStrong BuyUpgraded
    Raymond James FinancialStrong-BuyUpgraded
    SbankUpgraded
    CIBC World MarketsUpgraded
    TD SecuritiesBuyUpgraded
    SbankUpgraded
    Raymond James FinancialStrong-BuyUpgraded
    CIBC World MarketsUpgraded
    Raymond James FinancialStrong-BuyUpgraded
    SbankOutperformUpgraded
    CIBC World MarketsUpgraded
    SbankUpgraded
    Raymond James FinancialOutperformUpgraded
    CIBC World MarketsUpgraded
    TD SecuritiesBuyUpgraded
    RBC CapitalUpgraded
    SbankUpgraded
    CIBC World MarketsDowngraded
    CIBC World MarketsDowngraded
    Raymond James FinancialOutperformDowngraded
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    RBC CapitalOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialOutperformInitiated
    TD SecuritiesTenderDowngraded
    CIBC World MarketsUpgraded
    RBC CapitalSector PerformDowngraded
    Raymond James FinancialOutperformInitiated
    TD SecuritiesHoldDowngraded
    TD SecuritiesBuyDowngraded
    Raymond James FinancialOutperformInitiated
    Raymond James FinancialOutperformDowngraded
    RBC CapitalDowngraded
    CIBC World MarketsOutperformUpgraded
    Raymond James FinancialStrong-BuyInitiated
    CIBC World MarketsDowngraded
    Raymond James FinancialStrong-BuyInitiated
    Raymond James FinancialDowngraded
    RBC CapitalDowngraded
    Raymond James FinancialDowngraded
    BMO Capital MarketsOutperformUpgraded
    BMO Capital MarketsInitiated
    TD SecuritiesBuyDowngraded
    RBC CapitalOutperformDowngraded
    Raymond James FinancialStrong-BuyInitiated
    CIBC World MarketsDowngraded
    RBC CapitalDowngraded
    RBC CapitalOutperformDowngraded
    Raymond James FinancialStrong-BuyUpgraded
    CIBC World MarketsDowngraded
    BMO Capital MarketsDowngraded
    CIBC World MarketsDowngraded
    CIBC World MarketsDowngraded
    TD SecuritiesBuyUpgraded
    CIBC World MarketsUpgraded
    TD SecuritiesBuyUpgraded
    SbankSector PerformUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsMarket PerformInitiated
    TD SecuritiesBuyUpgraded
    CIBC World MarketsUpgraded
    RBC CapitalSector PerformUpgraded
    SbankSector PerformUpgraded
    Raymond James FinancialUpgraded
    RBC CapitalSector PerformUpgraded
    CIBC World MarketsUpgraded
    SbankSector PerformUpgraded
    CIBC World MarketsUpgraded
    TD SecuritiesUpgraded
    SbankSector PerformUpgraded
    CIBC World MarketsUpgraded
    TD SecuritiesBuyUpgraded
    RBC CapitalUnderperformUpgraded
    SbankOutperformUpgraded
    Raymond James FinancialStrong-BuyUpgraded
    TD SecuritiesBuyMaintained
    Raymond James FinancialStrong BuyMaintained
    RBC CapitalUnderperformMaintained
    RBC CapitalSector PerformMaintained
    SbankOutperformMaintained
    CIBC World MarketsOutperformMaintained
    SbankOutperformMaintained
    Raymond James FinancialMaintained
    CIBC World MarketsMaintained
    TD SecuritiesBuyMaintained
    Raymond James FinancialMaintained
    TD SecuritiesBuyMaintained
    Dundee SecuritiesMaintained
    SbankOutperformMaintained
    Raymond James FinancialMaintained
    Dundee SecuritiesBuyMaintained
    RBC CapitalSector PerformDowngraded
    RBC CapitalMaintained
    Raymond James FinancialStrong BuyMaintained
    Dundee SecuritiesBuyMaintained
    Raymond James FinancialStrong BuyDowngraded
    SbankMaintained
    TD SecuritiesMaintained
    Dundee SecuritiesMaintained
    BMO Capital MarketsAt Market PerformInitiated
    Raymond James FinancialMaintained
    RBC CapitalMaintained
    CIBC World MarketsSector OutperformMaintained
    SbankMaintained
    RBC CapitalOutperformMaintained
    SbankOutperformUpgraded
    TD SecuritiesBuyMaintained
    SbankMaintained
    Raymond James FinancialMaintained
    RBC CapitalSector PerformMaintained
    SbankOutperformUpgraded
    TD SecuritiesBuyMaintained
    Raymond James FinancialOutperformMaintained
    SbankMaintained
    Raymond James FinancialOutperformMaintained
    RBC CapitalSector PerformDowngraded
    CIBC World MarketsSector OutperformMaintained
    Desjardins SecuritiesSellMaintained
    TD SecuritiesBuyMaintained
    BMO Capital MarketsOutperformMaintained
    RBC CapitalOutperformMaintained
    CIBC World MarketsSector OutperformMaintained
    Salman PartnersHoldMaintained
    RBC CapitalSector PerformMaintained
    Raymond James FinancialMaintained
    SbankMaintained
    CIBC World MarketsSector OutperformMaintained
    SbankMaintained
    RBC CapitalSector PerformMaintained

    Canfor Corp. (CFPZF) Stock Earning Per Share (EPS) Forecast / Estimate


    $2.088
    The average consensus EPS for CFPZF is $2.088 with a high estimate of $3.287 and Low of $1.490 for the period 2021-06-30 and based on 7 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $2.62$1.648322020-12-31


    The latest average Earning Per Share Estimate for Canfor Corp. is $2.09, which is lower than CFPZF's last EPS, $2.62. This means that Analysts are expecting Canfor Corp. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Canfor Corp..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $2.62$1.648322020-12-31
    $1.78$1.622062020-09-30
    $0.55$-0.113122020-06-30
    $-0.47$-0.25252020-03-31
    $-0.32$-0.414099999999999972019-12-31
    $-0.66$-0.406020000000000052019-09-30
    $-0.36$-0.277750000000000052019-06-30
    $-0.51$-0.147459999999999982019-03-31
    $-0.46$-0.1085752018-12-31
    $0.98$0.72722018-09-30
    $1.37$1.23222018-06-30
    $0.93$0.88882018-03-31
    $0.89$0.80968672017-12-31
    $0.47$0.377742017-09-30
    $0.78$0.53361332017-06-30
    $0.2$0.290587100000000042016-06-30
    $0.16$0.17458862016-03-31
    $0.06$0.066662015-12-31
    $0.05$0.052522015-09-30
    $-0.02$0.10436332015-06-30
    $0.34$0.26981142015-03-31
    $0.26$0.410736699999999952014-12-31
    $0.38$0.50066712014-09-30
    $0.41$0.38548672014-06-30
    $0.34$0.43432014-03-31
    $0.35$0.36191332013-12-31
    $0.18$0.23663292013-09-30
    $0.61$0.36071142013-06-30
    $0.49$0.47181142013-03-31
    $0.16$0.186852012-12-31
    $0.11$0.05626712012-09-30
    $0.08$0.0378752012-06-30
    $-0.16$-0.13268372012-03-31
    $-0.22$-0.098475000000000012011-12-31
    $-0.01$-0.05052011-09-30
    $0.02$-0.064642011-06-30
    $0$0.105042011-03-31
    $0.09$0.084587500000000012010-12-31
    $0.2$0.15438862010-06-30
    $0.07$0.02188672010-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).