Canfor Co. (TSE:CFP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Canfor Co. (TSE:CFP) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$20.00.

CFP has been the subject of several research reports. TD Securities reduced their target price on Canfor from C$20.00 to C$19.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Royal Bank of Canada reduced their price objective on Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Raymond James decreased their price objective on Canfor from C$28.00 to C$24.00 in a report on Thursday, January 30th. CIBC cut their target price on Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. Finally, BMO Capital Markets lowered shares of Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th.

Canfor Stock Up 2.2 %

Shares of TSE CFP opened at C$15.10 on Tuesday. Canfor has a 12-month low of C$13.53 and a 12-month high of C$18.38. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. The firm has a market cap of C$1.82 billion, a PE ratio of -2.51 and a beta of 2.08. The company’s fifty day simple moving average is C$15.12 and its 200 day simple moving average is C$15.93.

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.