Canfor (TSE:CFP – Free Report) had its price objective cut by Royal Bank of Canada from C$22.00 to C$19.00 in a report issued on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
CFP has been the topic of a number of other reports. TD Securities dropped their price objective on shares of Canfor from C$25.00 to C$22.00 and set a buy rating on the stock in a research report on Thursday, March 7th. Scotiabank set a C$22.00 price target on Canfor and gave the company a sector perform rating in a research note on Monday, January 22nd. Raymond James cut Canfor from a strong-buy rating to an outperform rating and lowered their price objective for the stock from C$25.00 to C$23.00 in a research report on Tuesday, February 6th. BMO Capital Markets cut their target price on Canfor from C$24.00 to C$22.00 in a research report on Wednesday, April 17th. Finally, CIBC lowered their price target on Canfor from C$23.00 to C$22.00 in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canfor currently has a consensus rating of Moderate Buy and a consensus target price of C$21.67.
Check Out Our Latest Stock Analysis on CFP
Canfor Trading Down 1.5 %
Canfor (TSE:CFP – Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.94) by C($0.12). Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. The company had revenue of C$1.28 billion during the quarter. Sell-side analysts anticipate that Canfor will post 0.4005401 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 softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.
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