Canfor (TSE:CFP) Price Target Cut to C$20.00

Canfor (TSE:CFP) had its price objective lowered by analysts at BMO Capital Markets from C$22.00 to C$20.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 34.23% from the company’s current price.

A number of other research firms have also issued reports on CFP. CIBC reduced their price target on shares of Canfor from C$21.00 to C$17.00 in a research report on Thursday, July 18th. Royal Bank of Canada cut their price objective on Canfor from C$19.00 to C$18.00 in a report on Thursday, July 11th. Finally, TD Securities dropped their target price on Canfor from C$22.00 to C$20.00 in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.83.

Canfor Price Performance

Canfor stock traded up C$0.03 during mid-day trading on Tuesday, hitting C$14.90. The company’s stock had a trading volume of 237,814 shares, compared to its average volume of 180,315. The stock has a market capitalization of C$1.77 billion, a P/E ratio of -7.04 and a beta of 2.18. The company has a quick ratio of 2.14, a current ratio of 2.31 and a debt-to-equity ratio of 9.76. The stock’s fifty day moving average price is C$14.78 and its two-hundred day moving average price is C$15.70. Canfor has a twelve month low of C$13.41 and a twelve month high of C$22.63.

Canfor (TSE:CFP) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C($0.44) EPS for the quarter. The firm had revenue of C$1.38 billion for the quarter. Canfor had a negative net margin of 4.58% and a negative return on equity of 6.09%. Research analysts forecast that Canfor will post 0.4005401 earnings per share for the current year.

About Canfor

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.