Analysts Set Canfor Co. (TSE:CFP) PT at C$21.00

Canfor Co. (TSE:CFP) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$20.33.

A number of analysts recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. BMO Capital Markets cut Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. TD Securities reduced their price objective on Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Raymond James cut their target price on Canfor from C$28.00 to C$24.00 in a research note on Tuesday. Finally, CIBC decreased their price target on Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th.

Canfor Stock Performance

Shares of CFP stock opened at C$15.42 on Thursday. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. The business has a 50 day moving average of C$16.11 and a two-hundred day moving average of C$15.76. The company has a market cap of C$1.83 billion, a P/E ratio of -4.58 and a beta of 2.08. Canfor has a 52 week low of C$13.53 and a 52 week high of C$18.38.

Canfor (TSE:CFP) last issued its earnings results on Friday, October 25th. The company reported C($1.65) earnings per share for the quarter, missing the consensus estimate of C($1.10) by C($0.55). Canfor had a negative return on equity of 9.65% and a negative net margin of 7.39%. During the same period last year, the business earned ($0.16) earnings per share. As a group, analysts anticipate that Canfor will post 0.4005401 EPS for the current year.

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.