Canfor Co. (TSE:CFP) Receives Average Rating of “Hold” from Analysts

Canfor Co. (TSE:CFP) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$16.50.

A number of research analysts have commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Canfor from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. TD Securities lowered their price target on Canfor from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th. Finally, Raymond James Financial reduced their price objective on Canfor from C$19.00 to C$17.00 and set an “outperform” rating for the company in a research note on Wednesday, October 15th.

Canfor Price Performance

Shares of TSE CFP opened at C$11.36 on Wednesday. The stock has a market cap of C$1.32 billion, a P/E ratio of -2.85 and a beta of 2.05. Canfor has a twelve month low of C$11.29 and a twelve month high of C$18.38. The stock has a 50 day moving average of C$12.49 and a two-hundred day moving average of C$13.27. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94.

Canfor (TSE:CFP) last announced its earnings results on Wednesday, November 5th. The company reported C($1.48) EPS for the quarter. Canfor had a negative net margin of 13.77% and a negative return on equity of 20.05%. The business had revenue of C$1.26 billion during the quarter. On average, research analysts forecast that Canfor will post 0.4005401 earnings per share for the current year.

About Canfor

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.