Canfor Co. (TSE:CFP) PT Raised to C$25.00 at TD Securities
Canfor Co. (TSE:CFP) had its target price increased by TD Securities from C$24.00 to C$25.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 20.71% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. CIBC cut shares of Canfor from a “sector outperform” rating to a “neutral” rating in a research report on Monday, April 24th. Scotiabank boosted their price objective on shares of Canfor from C$20.50 to C$21.25 and gave the company an “outperform” rating in a research report on Thursday. Raymond James Financial, Inc. raised shares of Canfor from an “outperform” rating to a “strong-buy” rating and set a C$24.00 price objective for the company in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada cut shares of Canfor from a “sector perform” rating to an “underperform” rating and set a C$17.00 price objective for the company. in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$21.45.
Canfor (CFP) opened at 20.71 on Friday. The company has a market capitalization of $2.75 billion and a price-to-earnings ratio of 11.64. The stock has a 50 day moving average price of $19.67 and a 200 day moving average price of $18.18. Canfor has a 52-week low of $13.35 and a 52-week high of $20.92.
Canfor (TSE:CFP) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.26. The company had revenue of $1.19 billion during the quarter. Canfor had a net margin of 6.88% and a return on equity of 17.37%. Equities research analysts forecast that Canfor will post $1.70 earnings per share for the current year.
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Canfor Company Profile
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.
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