Brokerages Set Canfor Co. (TSE:CFP) Target Price at C$18.50

Canfor Co. (TSE:CFP) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$18.50.

Several equities analysts have weighed in on the company. Scotiabank lowered Canfor from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. Royal Bank of Canada cut their price objective on Canfor from C$19.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Raymond James reduced their target price on Canfor from C$24.00 to C$22.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 30th. TD Securities increased their price target on Canfor from C$17.00 to C$18.00 and gave the company a “buy” rating in a report on Monday, May 12th. Finally, CIBC cut shares of Canfor from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$19.00 to C$16.00 in a research note on Tuesday, April 22nd.

Canfor Stock Performance

Shares of CFP opened at C$13.00 on Wednesday. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of -2.16 and a beta of 2.08. The company’s fifty day moving average is C$13.81 and its 200-day moving average is C$15.02. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. Canfor has a 12 month low of C$12.60 and a 12 month high of C$18.38.

Canfor Company Profile

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.