Canfor (TSE:CFP) Price Target Increased to C$46.00 by Analysts at Raymond James

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Canfor (TSE:CFP) had its price target increased by Raymond James from C$40.00 to C$46.00 in a research report report published on Wednesday morning, Analyst Ratings Network reports. Raymond James currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. CIBC increased their price target on shares of Canfor from C$34.00 to C$35.00 in a research report on Monday, March 1st. Scotiabank increased their price target on shares of Canfor from C$33.00 to C$37.00 in a research report on Wednesday. Finally, TD Securities increased their price target on shares of Canfor from C$31.00 to C$32.00 and gave the company a buy rating in a research report on Friday, February 26th.

Shares of TSE CFP opened at C$29.18 on Wednesday. The firm has a market capitalization of C$3.65 billion and a PE ratio of 6.71. The company has a current ratio of 2.11, a quick ratio of 1.00 and a debt-to-equity ratio of 29.38. Canfor has a 1 year low of C$7.25 and a 1 year high of C$29.77. The firm’s 50-day moving average is C$26.07 and its 200-day moving average is C$21.66.

Canfor (TSE:CFP) last announced its quarterly earnings results on Wednesday, February 24th. The company reported C$2.06 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.79 by C$0.27. The firm had revenue of C$1.62 billion during the quarter. As a group, equities research analysts anticipate that Canfor will post 2.3244513 earnings per share for the current fiscal year.

About Canfor

Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells finger-jointed lumber, higher-grade MSR lumber, premium one-inch boards, engineered wood products, wood chips, wood pellets, logs, strength-rated trusses, beams, and tongue-and-groove timber, as well as generates green energy.

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