Canfor (TSE:CFP) PT Lowered to C$20.00

Canfor (TSE:CFP) had its price target reduced by TD Securities from C$22.00 to C$20.00 in a research note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 35.14% from the stock’s previous close.

CFP has been the subject of a number of other reports. BMO Capital Markets reduced their price target on shares of Canfor from C$24.00 to C$22.00 in a research report on Wednesday, April 17th. Raymond James lowered Canfor from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from C$25.00 to C$23.00 in a research note on Tuesday, February 6th. CIBC cut their price objective on Canfor from C$23.00 to C$22.00 in a report on Thursday, April 11th. Scotiabank set a C$22.00 target price on shares of Canfor and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada dropped their target price on shares of Canfor from C$22.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$21.17.

Canfor Stock Down 0.9 %

CFP stock opened at C$14.80 on Thursday. The stock has a market cap of C$1.76 billion, a P/E ratio of -5.46 and a beta of 2.16. The company has a current ratio of 2.49, a quick ratio of 2.14 and a debt-to-equity ratio of 9.34. The stock’s fifty day simple moving average is C$15.93 and its two-hundred day simple moving average is C$16.28. Canfor has a 1-year low of C$13.41 and a 1-year high of C$23.99.

Canfor (TSE:CFP) last released its earnings results on Tuesday, March 5th. The company reported C($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.94) by C($0.12). The firm had revenue of C$1.28 billion during the quarter. Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. Analysts expect that Canfor will post 0.4005401 EPS for the current 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.