Brokerages Set Canfor Co. (TSE:CFP) Target Price at C$16.00

Shares of Canfor Co. (TSE:CFP) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$16.00.

CFP has been the topic of a number of recent analyst reports. Raymond James Financial reduced their target price on Canfor from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. Royal Bank Of Canada reduced their price target 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.

Canfor Stock Down 5.2%

Shares of TSE CFP opened at C$11.25 on Friday. The company has a market cap of C$1.31 billion, a P/E ratio of -2.83 and a beta of 1.95. The firm has a 50-day simple moving average of C$12.12 and a two-hundred day simple moving average of C$13.09. Canfor has a 1 year low of C$11.11 and a 1 year high of C$16.71. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14.

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

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.