Canfor (TSE:CFP) Upgraded at Raymond James Financial

Canfor (TSE:CFP) was upgraded by investment analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a C$17.00 price objective on the stock, up from their prior price objective of C$15.00. Raymond James Financial’s target price would indicate a potential upside of 24.18% from the company’s current price.

Separately, Royal Bank Of Canada lowered their price target on Canfor from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Canfor currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.25.

Canfor Price Performance

Shares of CFP stock traded up C$0.56 on Wednesday, hitting C$13.69. 306,177 shares of the stock traded hands, compared to its average volume of 174,078. The firm has a market cap of C$1.59 billion, a price-to-earnings ratio of -3.44 and a beta of 2.00. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14. The firm has a 50 day simple moving average of C$11.78 and a two-hundred day simple moving average of C$12.72. Canfor has a 52 week low of C$10.86 and a 52 week high of C$16.22.

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. The business had revenue of C$1.26 billion during the quarter. Canfor had a negative return on equity of 20.05% and a negative net margin of 13.77%. As a group, equities research analysts predict that Canfor will post 0.4005401 earnings per share for the current fiscal 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.