Brokers Issue Forecasts for Canfor Co.’s FY2025 Earnings (TSE:CFP)

Canfor Co. (TSE:CFP) – Equities researchers at Raymond James raised their FY2025 earnings per share estimates for Canfor in a note issued to investors on Friday, April 19th. Raymond James analyst D. Swetlishoff now expects that the company will earn $1.02 per share for the year, up from their previous forecast of $0.94. Raymond James has a “Outperform” rating and a $23.00 price objective on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Canfor (TSE:CFP) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.94) by C($0.12). Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. The business had revenue of C$1.28 billion for the quarter.

CFP has been the topic of several other reports. TD Securities lowered their price target on shares of Canfor from C$25.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Royal Bank of Canada lowered their target price on Canfor from C$22.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday. 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. BMO Capital Markets decreased their price objective on Canfor from C$24.00 to C$22.00 in a report on Wednesday, April 17th. Finally, CIBC dropped their target price on Canfor from C$23.00 to C$22.00 in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Canfor has a consensus rating of “Moderate Buy” and an average price target of C$21.67.

Canfor Stock Performance

TSE CFP opened at C$14.21 on Monday. The stock has a market cap of C$1.69 billion, a PE ratio of -5.24 and a beta of 2.16. The company has a debt-to-equity ratio of 9.34, a quick ratio of 2.14 and a current ratio of 2.49. The firm has a 50-day moving average of C$16.21 and a 200-day moving average of C$16.33. Canfor has a 52-week low of C$13.41 and a 52-week high of C$23.99.

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.