What is Scotiabank’s Forecast for Canfor Q4 Earnings?

Canfor Co. (TSE:CFP) – Equities research analysts at Scotiabank issued their Q4 2024 EPS estimates for Canfor in a report issued on Tuesday, October 29th. Scotiabank analyst B. Isaacson forecasts that the company will post earnings of ($0.44) per share for the quarter. Scotiabank has a “Sector Perform” rating and a $19.00 price objective on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Other equities analysts have also recently issued research reports about the stock. Raymond James upgraded shares of Canfor from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on shares of Canfor from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. BMO Capital Markets decreased their price objective on shares of Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, July 23rd. CIBC boosted their price target on shares of Canfor from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, TD Securities reduced their price target on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Canfor has an average rating of “Buy” and a consensus price target of C$21.33.

Canfor Stock Performance

Canfor stock opened at C$16.61 on Wednesday. The firm has a fifty day simple moving average of C$16.01 and a two-hundred day simple moving average of C$15.23. Canfor has a twelve month low of C$13.53 and a twelve month high of C$19.30. The company has a market capitalization of C$1.97 billion, a PE ratio of -4.93 and a beta of 2.08. 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 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.