FY2025 Earnings Estimate for Canfor Co. Issued By Raymond James (TSE:CFP)

Canfor Co. (TSE:CFP) – Investment analysts at Raymond James raised their FY2025 earnings per share estimates for shares of Canfor in a research report issued to clients and investors on Wednesday, May 1st. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings per share of $1.14 for the year, up from their prior forecast of $1.02. Raymond James has a “Outperform” rating and a $23.00 price target on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

A number of other brokerages have also recently commented on CFP. Scotiabank set a C$22.00 target price on shares of Canfor and gave the company a “sector perform” rating in a report on Monday, January 22nd. TD Securities decreased their price objective on Canfor from C$22.00 to C$20.00 in a research report on Thursday. CIBC dropped their target price on Canfor from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a report on Thursday. BMO Capital Markets cut their price target on Canfor from C$24.00 to C$22.00 in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada lowered their price objective on shares of Canfor from C$22.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$21.17.

Canfor Stock Down 0.9 %

Shares of TSE:CFP opened at C$14.80 on Friday. Canfor has a 1-year low of C$13.41 and a 1-year high of C$23.99. The company has a debt-to-equity ratio of 9.34, a current ratio of 2.49 and a quick ratio of 2.14. 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 firm has a fifty day moving average price of C$15.93 and a 200 day moving average price of C$16.29.

Canfor (TSE:CFP) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C($1.06) earnings per share for the quarter, missing the consensus estimate of C($0.94) by C($0.12). The firm had revenue of C$1.28 billion during the quarter. Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%.

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.