Scotiabank Weighs in on Canfor’s FY2026 Earnings (TSE:CFP)

Canfor Co. (TSE:CFP) – Scotiabank cut their FY2026 EPS estimates for Canfor in a research note issued to investors on Monday, May 11th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of ($1.34) for the year, down from their prior forecast of ($1.05). Scotiabank currently has a “Hold” rating and a $16.00 price objective on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

A number of other brokerages have also recently weighed in on CFP. Raymond James Financial cut shares of Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 price objective for the company. in a report on Friday, April 24th. Royal Bank Of Canada cut shares of Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 price objective for the company. in a report on Thursday, April 16th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$16.25.

Canfor Trading Up 0.9%

TSE CFP opened at C$12.20 on Wednesday. The company has a debt-to-equity ratio of 43.49, a quick ratio of 2.14 and a current ratio of 1.32. The firm has a market cap of C$1.43 billion, a price-to-earnings ratio of -1.71 and a beta of 1.41. The firm has a 50 day simple moving average of C$13.08 and a 200-day simple moving average of C$12.91. Canfor has a one year low of C$10.86 and a one year high of C$16.08.

Canfor (TSE:CFP) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C($0.62) earnings per share for the quarter. Canfor had a negative net margin of 15.87% and a negative return on equity of 30.75%. The company had revenue of C$1.36 billion for the quarter.

About Canfor

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.