Canfor (TSE:CFP) Given New C$24.00 Price Target at Raymond James

Canfor (TSE:CFP) had its target price lowered by Raymond James from C$28.00 to C$24.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. TD Securities lowered their price target on Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. CIBC lowered their price target on Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada lowered their price target on Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$20.33.

Canfor Trading Up 0.5 %

TSE CFP opened at C$15.08 on Thursday. Canfor has a 12 month low of C$13.53 and a 12 month high of C$18.38. The stock has a market cap of C$1.79 billion, a P/E ratio of -4.47 and a beta of 2.08. The stock’s fifty day moving average price is C$15.89 and its 200-day moving average price is C$15.80. The company has a current ratio of 1.99, a quick ratio of 2.14 and a debt-to-equity ratio of 11.97.

Canfor (TSE:CFP) last released its earnings results on Friday, October 25th. The company reported C($1.65) EPS for the quarter, missing analysts’ consensus estimates of C($1.10) by C($0.55). Canfor had a negative return on equity of 9.65% and a negative net margin of 7.39%. During the same period in the previous year, the firm earned ($0.16) earnings per share. As a group, equities analysts forecast that Canfor will post 0.4005401 EPS for the current fiscal year.

Canfor Company Profile

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.