Canfor Co. (TSE:CFP) Receives C$21.00 Average PT from Analysts

Canfor Co. (TSE:CFP) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$20.33.

A number of analysts have recently issued reports on the stock. Raymond James dropped their price objective on shares of Canfor from C$28.00 to C$24.00 in a research note on Tuesday. CIBC cut their price objective on shares of Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. Royal Bank of Canada lowered their target price 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. BMO Capital Markets cut Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th. Finally, TD Securities lowered their price objective on Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th.

Canfor Stock Down 2.0 %

Shares of TSE:CFP opened at C$15.42 on Thursday. The stock has a 50-day simple moving average of C$16.11 and a 200-day simple moving average of C$15.76. The stock has a market capitalization of C$1.83 billion, a P/E ratio of -4.58 and a beta of 2.08. Canfor has a 1 year low of C$13.53 and a 1 year high of C$18.38. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99.

Canfor (TSE:CFP) last announced its quarterly earnings results on Friday, October 25th. The company reported C($1.65) earnings per share (EPS) for the quarter, missing the consensus estimate of C($1.10) by C($0.55). Canfor had a negative net margin of 7.39% and a negative return on equity of 9.65%. During the same period last year, the company earned ($0.16) earnings per share. Equities analysts forecast 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.