Recent Investment Analysts’ Ratings Changes for Canfor (CFP)

A number of research firms have changed their ratings and price targets for Canfor (TSE: CFP):

• 5/5/2023 – Canfor had its price target lowered by analysts at Royal Bank of Canada from C$30.00 to C$27.00. They now have an “outperform” rating on the stock.
• 5/5/2023 – Canfor had its price target lowered by analysts at CIBC from C$28.00 to C$27.00.
• 5/4/2023 – Canfor had its price target lowered by analysts at TD Securities from C$27.00 to C$26.00. They now have a “buy” rating on the stock.
• 5/4/2023 – Canfor had its price target lowered by analysts at Raymond James from C$34.00 to C$32.00.
• 5/4/2023 – Canfor had its price target lowered by analysts at Scotiabank from C$30.00 to C$29.00.

Canfor Price Performance

Shares of CFP opened at C$20.86 on Monday. The company has a market cap of C$2.52 billion, a price-to-earnings ratio of 22.19 and a beta of 2.07. Canfor Co. has a twelve month low of C$18.42 and a twelve month high of C$28.08. The company has a quick ratio of 2.14, a current ratio of 3.47 and a debt-to-equity ratio of 8.24. The company has a 50 day moving average of C$21.41 and a two-hundred day moving average of C$22.55.

Canfor (TSE:CFP – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported C($1.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.55) by C($0.49). The business had revenue of C$1.37 billion for the quarter. As a group, analysts predict that Canfor Co. will post 0.755626 earnings per share for the current fiscal year.

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.