Canfor (TSE:CFP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Canfor Co. (TSE:CFP)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.90 and traded as low as C$12.06. Canfor shares last traded at C$12.15, with a volume of 156,514 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Royal Bank Of Canada lowered Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 price target for the company. in a research note on Thursday, April 16th. Raymond James Financial lowered Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 price target for the company. in a research note on Friday, April 24th. Finally, Scotiabank upgraded 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 note on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canfor has an average rating of “Moderate Buy” and a consensus price target of C$16.25.

Canfor Stock Performance

The company has a current ratio of 1.45, a quick ratio of 2.14 and a debt-to-equity ratio of 37.16. The firm’s 50-day moving average is C$13.23 and its two-hundred day moving average is C$12.90. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of -1.79 and a beta of 1.28.

Canfor (TSE:CFP) last announced its quarterly earnings data on Friday, March 6th. The company reported C($3.33) earnings per share for the quarter. The firm had revenue of C$1.28 billion during the quarter. Canfor had a negative net margin of 14.92% and a negative return on equity of 27.04%. As a group, sell-side analysts expect that Canfor Co. will post 0.4005401 earnings per share for the current 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.