Canfor (TSE:CFP – Free Report) had its price objective cut by TD Securities from C$22.00 to C$20.00 in a report released on Thursday morning, BayStreet.CA reports.
Several other equities research analysts have also recently issued reports on CFP. Scotiabank set a C$22.00 price objective on shares of Canfor and gave the stock a sector perform rating in a research report on Monday, January 22nd. CIBC reduced their price objective on shares of Canfor from C$23.00 to C$22.00 in a report on Thursday, April 11th. BMO Capital Markets lowered their price target on Canfor from C$24.00 to C$22.00 in a report on Wednesday, April 17th. Royal Bank of Canada reduced their price target on shares of Canfor from C$22.00 to C$19.00 and set an outperform rating for the company in a research report on Friday, April 19th. Finally, Raymond James cut Canfor from a strong-buy rating to an outperform rating and cut their target price for the stock from C$25.00 to C$23.00 in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$21.17.
Get Our Latest Stock Analysis on CFP
Canfor Price Performance
Canfor (TSE:CFP – Get Free Report) last posted its earnings results on Tuesday, March 5th. The company reported C($1.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.94) by C($0.12). The business had revenue of C$1.28 billion for the quarter. Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. Equities research analysts forecast that Canfor will post 0.4005401 EPS for the current year.
About Canfor
Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.
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