Canfor (TSE:CFP) Hits New 12-Month Low at $22.16

Posted by on Jun 16th, 2022

Canfor Co. (TSE:CFP – Get Rating)’s stock price hit a new 52-week low on Thursday . The company traded as low as C$22.16 and last traded at C$22.19, with a volume of 253460 shares traded. The stock had previously closed at C$23.75.

A number of equities analysts have weighed in on CFP shares. Raymond James set a C$55.00 target price on shares of Canfor and gave the stock a “strong-buy” rating in a research report on Wednesday, May 4th. TD Securities lowered their price target on shares of Canfor from C$41.00 to C$37.00 and set a “buy” rating on the stock in a report on Thursday, March 3rd. Royal Bank of Canada lowered their price target on shares of Canfor from C$45.00 to C$40.00 in a report on Thursday, April 7th. Finally, CIBC lowered their price target on shares of Canfor from C$44.00 to C$36.00 in a report on Thursday, April 21st.

The stock has a market capitalization of C$2.75 billion and a PE ratio of 1.93. The firm’s 50 day simple moving average is C$24.80 and its 200 day simple moving average is C$27.59. The company has a debt-to-equity ratio of 7.45, a current ratio of 2.81 and a quick ratio of 1.50.

Canfor (TSE:CFP – Get Rating) last issued its earnings results on Tuesday, May 3rd. The company reported C$4.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$4.25. The firm had revenue of C$2.21 billion during the quarter. Analysts expect that Canfor Co. will post 4.325457 earnings per share for the current fiscal year.

About Canfor (TSE:CFP)

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy.

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