Scotiabank Has Pessimistic View of Canfor FY2026 Earnings

Canfor Co. (TSE:CFP) – Scotiabank decreased their FY2026 earnings per share estimates for shares of Canfor in a report released on Wednesday, July 15th. Scotiabank analyst B. Isaacson now expects that the company will post earnings per share of ($1.35) for the year, down from their previous estimate of ($1.34). The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Several other research analysts have also recently weighed in on the stock. TD boosted their price objective on shares of Canfor from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Royal Bank Of Canada cut shares of Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 target price on the stock. in a report on Thursday, April 16th. Finally, Raymond James Financial downgraded shares of Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 target price for the company. in a research report on Friday, April 24th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.60.

Canfor Stock Performance

Shares of TSE CFP opened at C$13.65 on Monday. The firm’s 50-day moving average price is C$13.44 and its 200-day moving average price is C$13.50. Canfor has a 52-week low of C$10.86 and a 52-week high of C$16.08. The company has a market cap of C$1.60 billion, a PE ratio of -1.91 and a beta of 1.37. The company has a quick ratio of 2.14, a current ratio of 1.32 and a debt-to-equity ratio of 43.49.

Canfor (TSE:CFP) last issued its earnings results on Wednesday, May 6th. The company reported C($0.62) earnings per share for the quarter. The business had revenue of C$1.36 billion during the quarter. Canfor had a negative return on equity of 30.75% and a negative net margin of 15.87%.

Canfor Company Profile

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.