Canfor (TSE:CFP – Get Free Report) had its target price decreased by investment analysts at BMO Capital Markets from C$24.00 to C$22.00 in a report released on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 53.74% from the company’s current price.
Other analysts have also recently issued reports about the company. Scotiabank set a C$22.00 price target on Canfor and gave the stock a “sector perform” rating in a report on Monday, January 22nd. CIBC dropped their price target on Canfor from C$23.00 to C$22.00 in a report on Thursday, April 11th. Raymond James cut Canfor from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from C$25.00 to C$23.00 in a report on Tuesday, February 6th. Finally, TD Securities dropped their price target on Canfor from C$25.00 to C$22.00 and set a “buy” rating for the company in a report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Canfor currently has an average rating of “Moderate Buy” and a consensus target price of C$23.00.
Check Out Our Latest Research Report on Canfor
Canfor Stock Performance
Canfor (TSE:CFP – Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported C($1.06) EPS for the quarter, missing the consensus estimate of C($0.94) by C($0.12). The business had revenue of C$1.28 billion for the quarter. Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. As a group, equities research analysts predict that Canfor will post 0.4005401 EPS for the current year.
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.
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