TD Issues Positive Forecast for Canfor (TSE:CFP) Stock Price

Canfor (TSE:CFP) had its target price lifted by TD from C$18.00 to C$20.00 in a report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on the stock. Raymond James Financial lowered shares of Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 price objective on the stock. in a report on Friday, April 24th. Royal Bank Of Canada lowered shares of Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 target price on the stock. in a research report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$17.00.

Canfor Price Performance

Canfor stock opened at C$15.01 on Friday. The business’s fifty day moving average is C$13.78 and its two-hundred day moving average is C$13.60. The company has a debt-to-equity ratio of 41.78, a quick ratio of 2.14 and a current ratio of 1.35. The firm has a market cap of C$1.76 billion, a P/E ratio of -2.10 and a beta of 1.37. Canfor has a 52 week low of C$10.86 and a 52 week high of C$16.08.

Canfor (TSE:CFP) last announced its earnings results on Wednesday, July 29th. The company reported C($0.16) earnings per share for the quarter. Canfor had a negative net margin of 12.04% and a negative return on equity of 25.37%. The business had revenue of C$1.53 billion during the quarter. Equities research analysts forecast that Canfor will post 0.4005401 earnings per share for the current fiscal year.

Canfor Company Profile

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.