Shares of Canfor Co. (TSE:CFP – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$19.83.
CFP has been the subject of several research reports. Raymond James increased their price target on Canfor from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Securities cut their target price on Canfor from C$20.00 to C$19.00 in a research note on Tuesday. BMO Capital Markets cut their target price on Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating for the company in a research note on Tuesday. Royal Bank of Canada cut their target price on Canfor from C$19.00 to C$18.00 in a research note on Thursday, July 11th. Finally, CIBC cut their target price on Canfor from C$21.00 to C$17.00 in a research note on Thursday, July 18th.
Read Our Latest Analysis on CFP
Canfor Stock Down 2.6 %
Canfor (TSE:CFP – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C($0.44) earnings per share for the quarter. The firm had revenue of C$1.38 billion for the quarter. Canfor had a negative return on equity of 6.09% and a negative net margin of 4.58%. As a group, equities research analysts predict that Canfor will post 0.4005401 earnings per share for the current year.
Canfor Company Profile
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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