TD Raises Canfor (TSE:CFP) Price Target to C$20.00

Canfor (TSE:CFP) had its target price boosted by investment analysts at TD from C$18.00 to C$20.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 31.75% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada downgraded 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 research report on Thursday, April 16th. 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 note on Friday, April 24th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$17.00.

Canfor Stock Up 5.9%

Shares of TSE:CFP traded up C$0.84 during trading on Friday, hitting C$15.18. The stock had a trading volume of 292,794 shares, compared to its average volume of 197,094. The company has a market capitalization of C$1.78 billion, a PE ratio of -2.13 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. The firm’s fifty day moving average is C$13.73 and its 200 day moving average is C$13.60. Canfor has a 12 month low of C$10.86 and a 12 month high of C$16.08.

Canfor (TSE:CFP) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($0.16) earnings per share for the quarter. The firm had revenue of C$1.53 billion for the quarter. Canfor had a negative net margin of 15.87% and a negative return on equity of 30.75%. Analysts anticipate that Canfor will post 0.4005401 EPS for the current fiscal year.

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.