Canfor Co. (TSE:CFP) Receives C$16.00 Average PT from Analysts

Canfor Co. (TSE:CFP) has received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$16.00.

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Canfor from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Raymond James Financial reduced their price objective on shares of Canfor from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th.

Canfor Trading Down 2.0%

TSE:CFP opened at C$11.18 on Friday. The stock has a fifty day simple moving average of C$12.04 and a 200 day simple moving average of C$13.05. The firm has a market capitalization of C$1.30 billion, a price-to-earnings ratio of -2.81 and a beta of 1.95. 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 has a 1-year low of C$10.86 and a 1-year high of C$16.26.

Canfor (TSE:CFP) last released its quarterly earnings results on Wednesday, November 5th. The company reported C($1.48) earnings per share (EPS) for the quarter. Canfor had a negative net margin of 13.77% and a negative return on equity of 20.05%. The firm had revenue of C$1.26 billion for the quarter. Sell-side analysts forecast that Canfor will post 0.4005401 earnings per share for the current year.

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.