Canfor Co. (TSE:CFP) Given Consensus Rating of “Hold” by Brokerages

Shares of Canfor Co. (TSE:CFP) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$18.67.

CFP has been the subject of a number of analyst reports. CIBC lowered shares of Canfor from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$19.00 to C$16.00 in a research report on Tuesday. TD Securities reduced their price target on Canfor from C$19.00 to C$17.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada dropped their target price on Canfor from C$19.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday. Cibc World Mkts downgraded Canfor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Raymond James lowered their price target on Canfor from C$28.00 to C$24.00 in a report on Thursday, January 30th.

Canfor Trading Up 1.9 %

Shares of CFP stock opened at C$13.02 on Friday. The company has a market capitalization of C$1.57 billion, a price-to-earnings ratio of -2.17 and a beta of 2.08. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94. The firm has a 50-day moving average price of C$14.44 and a 200 day moving average price of C$15.55. Canfor has a twelve month low of C$12.60 and a twelve month high of C$18.38.

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.