Stephen Roche Mackie Sells 4,052 Shares of Canfor (TSE:CFP) Stock

Canfor Co. (TSE:CFP) insider Stephen Roche Mackie sold 4,052 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of C$16.00, for a total value of C$64,832.00. Following the sale, the insider owned 5,410 shares in the company, valued at approximately C$86,560. This represents a 42.82% decrease in their ownership of the stock.

Stephen Roche Mackie also recently made the following trade(s):

• On Wednesday, August 5th, Stephen Roche Mackie bought 103 shares of Canfor stock. The stock was purchased at an average price of C$16.00 per share, with a total value of C$1,648.00.

Canfor Stock Performance

Canfor stock traded down C$0.10 on Thursday, hitting C$15.28. The company’s stock had a trading volume of 93,277 shares, compared to its average volume of 200,189. The company has a quick ratio of 2.14, a current ratio of 1.35 and a debt-to-equity ratio of 41.78. The company has a fifty day moving average price of C$14.12 and a 200-day moving average price of C$13.70. Canfor Co. has a one year low of C$10.86 and a one year high of C$16.08. The firm has a market cap of C$1.79 billion, a P/E ratio of -2.74 and a beta of 1.41.

Canfor (TSE:CFP) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C($0.16) earnings per share for the quarter. The company had revenue of C$1.53 billion during the quarter. Canfor had a negative net margin of 12.04% and a negative return on equity of 25.37%. On average, equities analysts anticipate that Canfor Co. will post 0.4005401 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CFP has been the topic of a number of research reports. Royal Bank Of Canada downgraded shares of Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 target price on the stock. in a research report on Thursday, April 16th. Raymond James Financial lowered shares of Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 price objective on the stock. in a report on Friday, April 24th. Finally, TD increased their price objective on Canfor from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$17.00.

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.