Canfor (TSE:CFP) Given New C$17.00 Price Target at TD Securities

Canfor (TSE:CFP) had its price objective cut by TD Securities from C$19.00 to C$17.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts also recently issued reports on the company. CIBC lowered their price target on Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. Royal Bank of Canada dropped their target price on Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Raymond James decreased their price target on Canfor from C$28.00 to C$24.00 in a report on Thursday, January 30th. Finally, Scotiabank lowered shares of Canfor from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$19.67.

Canfor Trading Down 2.1 %

Shares of CFP stock opened at C$12.86 on Thursday. Canfor has a fifty-two week low of C$12.68 and a fifty-two week high of C$18.38. The firm’s 50 day moving average price is C$14.70 and its two-hundred day moving average price is C$15.72. The stock has a market cap of C$1.55 billion, a price-to-earnings ratio of -2.14 and a beta of 2.08. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94.

Canfor Company Profile

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.