Canfor (TSE:CFP) Insider Sells C$64,832.00 in Stock

Canfor Co. (TSE:CFP) insider Stephen Roche Mackie sold 4,052 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of C$16.00, for a total value of C$64,832.00. Following the completion of the sale, the insider owned 5,410 shares in the company, valued at C$86,560. The trade was a 42.82% decrease in their ownership of the stock.

Stephen Roche Mackie also recently made the following trade(s):

• On Wednesday, August 5th, Stephen Roche Mackie purchased 103 shares of Canfor stock. The shares were purchased at an average cost of C$16.00 per share, with a total value of C$1,648.00.

Canfor Stock Performance

Shares of CFP opened at C$15.10 on Friday. The firm has a fifty day moving average of C$14.18 and a 200-day moving average of C$13.71. The company has a market cap of C$1.77 billion, a price-to-earnings ratio of -2.71 and a beta of 1.41. The company has a debt-to-equity ratio of 41.78, a quick ratio of 2.14 and a current ratio of 1.35. Canfor Co. has a 1 year low of C$10.86 and a 1 year high of C$16.08.

Canfor (TSE:CFP) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($0.16) earnings per share for the quarter. The firm had revenue of C$1.53 billion during the quarter. Canfor had a negative return on equity of 25.37% and a negative net margin of 12.04%. As a group, equities analysts anticipate that Canfor Co. will post 0.4005401 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CFP. Raymond James Financial cut Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 price target on the stock. in a report on Friday, April 24th. TD increased their price objective on Canfor from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Canfor has an average rating of “Moderate Buy” and an average price target of C$17.00.

About Canfor

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.