TD Securities Cuts Canfor (TSE:CFP) Price Target to C$21.00

Canfor (TSE:CFP) had its price target decreased by TD Securities from C$22.00 to C$21.00 in a report published on Tuesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Scotiabank decreased their price objective on shares of Canfor from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their price target on Canfor from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. BMO Capital Markets dropped their price objective on 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 raised Canfor from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from C$20.00 to C$28.00 in a research note on Tuesday, October 22nd. Finally, CIBC boosted their target price on Canfor from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Canfor presently has a consensus rating of “Buy” and a consensus price target of C$21.33.

Canfor Trading Down 0.8 %

CFP opened at C$16.61 on Tuesday. 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 twelve month low of C$13.53 and a twelve month high of C$19.30. The stock has a market capitalization of C$1.97 billion, a price-to-earnings ratio of -4.93 and a beta of 2.08. The company has a 50-day simple moving average of C$16.01 and a 200 day simple moving average of C$15.23.

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.