Canfor (TSE:CFP – Free Report) had its price target boosted by Royal Bank of Canada from C$18.00 to C$19.00 in a research report released on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other analysts also recently commented on the stock. BMO Capital Markets reduced their price objective on shares of Canfor from C$22.00 to C$20.00 and set a strong-buy rating for the company in a research report on Tuesday, July 23rd. CIBC decreased their price target on shares of Canfor from C$21.00 to C$17.00 in a research note on Thursday, July 18th. TD Securities cut their price objective on shares of Canfor from C$20.00 to C$19.00 in a research report on Tuesday, July 23rd. Finally, Raymond James boosted their target price on Canfor from C$20.00 to C$23.00 and gave the company an outperform rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Canfor has an average rating of Buy and an average target price of C$19.83.
Get Our Latest Stock Analysis on CFP
Canfor Stock Performance
Canfor (TSE:CFP – Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported C($1.42) EPS for the quarter, missing the consensus estimate of C($0.17) by C($1.25). The business had revenue of C$1.38 billion for the quarter, compared to the consensus estimate of C$1.42 billion. Canfor had a negative net margin of 4.58% and a negative return on equity of 6.09%. As a group, analysts predict that Canfor will post 0.4005401 EPS 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.
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