Canfor (TSE:CFP) Stock: Insider Cheryl Anne-Marie Yaremko Purchases 10,000 Shares

Canfor Co. (TSE:CFP) Director Cheryl Anne-Marie Yaremko bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average cost of C$14.01 per share, for a total transaction of C$140,100.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at C$140,100. This trade represents a ∞ increase in their ownership of the stock.

Canfor Stock Up 0.9%

Shares of CFP stock opened at C$14.18 on Thursday. Canfor Co. has a twelve month low of C$10.86 and a twelve month high of C$16.59. The stock has a market cap of C$1.66 billion, a P/E ratio of -2.54 and a beta of 1.05. The stock has a 50 day moving average of C$15.03 and a 200 day moving average of C$13.98. The company has a current ratio of 1.35, a quick ratio of 2.14 and a debt-to-equity ratio of 41.78.

Canfor (TSE:CFP) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($0.16) EPS for the quarter. The company had revenue of C$1.53 billion during the quarter. Canfor had a negative return on equity of 25.37% and a negative net margin of 12.04%. As a group, sell-side analysts expect that Canfor Co. will post 0.40 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CFP. Raymond James Financial upgraded shares of Canfor from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the company from C$17.00 to C$21.00 in a research note on Tuesday, September 15th. TD lowered their price target on shares of Canfor from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Canfor presently has a consensus rating of “Moderate Buy” and an average target price of C$17.50.

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.