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

Shares of Canfor Co. (TSE:CFP) have been given a consensus rating of “Hold” by the seven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$16.50.

Several equities research analysts have recently weighed in on the company. Raymond James Financial lowered their price objective on Canfor from C$19.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Wednesday. TD Securities lowered their price objective on Canfor from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th.

Canfor Trading Up 0.2%

CFP stock opened at C$12.27 on Friday. Canfor has a 1-year low of C$12.07 and a 1-year high of C$18.38. The firm has a market cap of C$1.43 billion, a P/E ratio of -2.25 and a beta of 2.01. The business’s 50 day moving average is C$12.95 and its 200-day moving average is C$13.46. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94.

Canfor Company Profile

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.