CANFOR PULP PRODUCTS

CFX
Delayed Quote. Delayed  - 04/20 10:16:28 am
9.67CAD +0.21%

Canfor Pulp Products Inc. : No turn-around in sight

04/08/2021 | 03:00am
Nicolas Aleksy
Contributor / Partner

Strategy published on : 04/08/2021 | 03:00

long trade
Live

Entry price : 9.13CAD
Target : 10.44CAD
Stop-loss : 8.45CAD
Potential : 14.35%

Shares in Canfor Pulp Products Inc. show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the CAD 10.44.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by -100% by 2023.

● Historically, the company has been releasing figures that are above expectations.

● The stock, which is currently worth 2021 to 0.43 times its sales, is clearly overvalued in comparison with peers.

● Its low valuation, with P/E ratio at 9.57 and 8.41 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For the past twelve months, EPS forecast has been revised upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The tendency within the weekly time frame is positive above the technical support level at 6.67 CAD


Weaknesses

● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

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