Canfor Co. (TSE:CFP) Receives C$19.83 Consensus Price Target from Analysts

Canfor Co. (TSE:CFP) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$19.83.

Several equities research analysts have recently issued reports on CFP shares. TD Securities reduced their price target on Canfor from C$20.00 to C$19.00 in a report on Tuesday, July 23rd. BMO Capital Markets decreased their target price 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. Raymond James increased their price target on shares of Canfor from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. CIBC lifted their price objective on shares of Canfor from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Scotiabank lowered their target price on shares of Canfor from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 30th.

Canfor Price Performance

The firm’s 50-day moving average is C$15.38 and its two-hundred day moving average is C$15.19. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. Canfor has a 52 week low of C$13.41 and a 52 week high of C$19.30. The firm has a market cap of C$2.03 billion, a price-to-earnings ratio of -5.15 and a beta of 2.06.

Canfor (TSE:CFP) last announced its quarterly earnings data on Thursday, July 25th. The company reported C($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.17) by C($1.25). Canfor had a negative return on equity of 9.65% and a negative net margin of 7.39%. The firm had revenue of C$1.38 billion for the quarter, compared to analysts’ expectations of C$1.42 billion. Equities research analysts expect that Canfor will post 0.4005401 earnings per share for the current fiscal 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.