Analysts Set Canfor Co. (TSE:CFP) Price Target at C$16.25

Shares of Canfor Co. (TSE:CFP) have been given an average rating of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$16.20.

CFP has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their target price on Canfor from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Raymond James Financial raised Canfor from a “moderate buy” rating to a “strong-buy” rating and upped their target price for the stock from C$15.00 to C$17.00 in a research report on Wednesday, January 14th. Finally, Scotiabank raised shares of Canfor from a “strong sell” rating to a “hold” rating and lifted their price target for the company from C$13.00 to C$16.00 in a research report on Monday, January 26th.

Canfor Stock Performance

TSE:CFP opened at C$14.34 on Monday. 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 twelve month low of C$10.86 and a twelve month high of C$16.22. The company has a fifty day moving average of C$12.43 and a 200-day moving average of C$12.73. The firm has a market capitalization of C$1.67 billion, a P/E ratio of -3.60 and a beta of 2.00.

Canfor (TSE:CFP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C($1.48) EPS for the quarter. Canfor had a negative return on equity of 20.05% and a negative net margin of 13.77%.The company had revenue of C$1.26 billion during the quarter. As a group, sell-side analysts anticipate that Canfor will post 0.4005401 EPS 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.