Shares of Canfor Co. (TSE:CFP – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$18.36 and last traded at C$18.38, with a volume of 23627 shares traded. The stock had previously closed at C$18.61.
Wall Street Analysts Forecast Growth
Separately, CIBC cut their price target on Canfor from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Tuesday, August 1st.
Canfor Stock Down 1.2 %
Canfor (TSE:CFP – Get Free Report) last issued its earnings results on Thursday, July 27th. The company reported C($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.64) by C$0.28. Canfor had a negative return on equity of 6.89% and a negative net margin of 5.22%. The company had revenue of C$1.45 billion during the quarter. Equities research analysts forecast that Canfor Co. will post 1.4642599 earnings per share for the current fiscal year.
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 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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