Canfor (TSE:CFP – Free Report) had its price target lowered by CIBC from C$22.00 to C$21.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada lowered their price target on Canfor from C$22.00 to C$19.00 and set an outperform rating for the company in a report on Friday, April 19th. Raymond James lowered shares of Canfor from a strong-buy rating to an outperform rating and lowered their target price for the stock from C$25.00 to C$23.00 in a research note on Tuesday, February 6th. Scotiabank set a C$22.00 price target on shares of Canfor and gave the company a sector perform rating in a research note on Monday, January 22nd. TD Securities lowered their price objective on shares of Canfor from C$22.00 to C$20.00 in a research report on Thursday. Finally, 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of C$21.17.
Read Our Latest Research Report on Canfor
Canfor Trading Down 0.9 %
Canfor (TSE:CFP – Get Free Report) last released 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). The firm had revenue of C$1.28 billion for the quarter. Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. Analysts predict that Canfor will post 0.4005401 EPS for the current fiscal year.
About Canfor
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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