Canfor Co. (TSE:CFP) Receives C$15.75 Consensus Target Price from Analysts

by · The Markets Daily

Shares of Canfor Co. (TSE:CFP – Get Free Report) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$15.75.

Several equities research analysts have weighed in on CFP shares. Royal Bank Of Canada lowered their price target on Canfor from C$16.00 to C$15.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Raymond James Financial lowered their target price on shares of Canfor from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th.

Get Our Latest Research Report on CFP

Canfor Trading Up 5.4%

TSE:CFP opened at C$12.36 on Thursday. The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of -3.11 and a beta of 1.95. Canfor has a 52 week low of C$10.86 and a 52 week high of C$16.22. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. The firm has a 50 day moving average of C$11.72 and a 200 day moving average of C$12.81.

Canfor (TSE:CFP – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($1.48) earnings per share (EPS) for the quarter. The business had revenue of C$1.26 billion for the quarter. Canfor had a negative return on equity of 20.05% and a negative net margin of 13.77%. As a group, sell-side analysts anticipate that Canfor will post 0.4005401 earnings per share for the current fiscal year.

About Canfor

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Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.

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